British Charities Urged to Improve Investment Returns

British charities should seek to improve the return on their investments by taking greater risks, according to a new report by the Institute of Philanthropy, reports the Financial Times, in London.

The British advisory service reviewed a sample of 60 charities with assets of $20-million or more and found that the organizations had achieved a median return of 8.7 percent.

The report recommended that the Charity Commission, the organization that regulates charities in Britain, change its guidelines to be less risk-averse and provide education about alternative assets.