Policies and other measures to advance impact investing in the U.S. will get a push from a new alliance of foundation presidents and investors, led by the Ford Foundation’s Darren Walker. The U.S. Impact Investing Alliance, officially launched July 28, seeks to tackle obstacles to impact investing in the U.S., reports ImpactAlpha.

Nonprofits with large endowments are collecting more than twice as much money as they are spending on grants, facilities, and administrative and other costs, according to a new data analysis of 1,600 organizations by The Chronicle of Philanthropy.

In fact, for 253 of the nonprofits studied, the dollars flowing into their endowments exceeded the dollars flowing out by a ratio of more than four to one. The Chronicle examined 501(c)(3) organizations with endowments of at least $35m and counted unrestricted, quasi-restricted (sometimes called board-restricted), and restricted funds.

At the same time, private foundations have increased their grant spending, with dollars granted rising by 3% in 2016, according to a new study by Foundation Source. Larger foundations have increased the number of grants awarded and smaller foundations are distributing a higher percentage of their overall assets, reported the Connecticut Post.

Baylor University’s endowment grew by about $80m to $1.23bn over the past year, and Chief Investment Officer Brian Webb said growing the endowment is a high priority for Baylor administrators and regents as higher education costs skyrocket nationwide, according to a story in the Waco Tribute-Herald.

Endowments, seeking to replicate recent successes by the Yale Endowment, have contributed to the growth of overall capital committed to private equity funds, reports ETF.com. But the BAM Alliance tells the site that endowments willing take more risk in search of higher returns are more likely to find success not in private equity, but rather in publicly available small-value stocks.