A new survey of endowment and foundation leaders finds growing concern about geopolitical conditions and liquidity as they plan for investment performance. According to results reported by The NonProfit Times, confidence in meeting multi-year targets has declined. Only 13% of respondents say they are “very confident” they will hit their three-year return targets, down from 19% in 2023. The survey also indicates that geopolitical risk is increasingly salient for investment decision-making: 66% of respondents cite geopolitical concerns as significant. The reporting frames the shift as part of a broader change in how leaders assess the current environment, including the role of liquidity in managing portfolios. The survey’s findings suggest that leaders are more cautious than in the prior year as uncertainty rises, with fewer respondents expressing strong confidence in achieving return goals over the next three years. Overall, the outlets’ coverage emphasizes that geopolitical concerns and liquidity considerations are major factors influencing sentiment among endowment and foundation managers.