Where Does $100 to the Fresh Air Fund Go?
The past 5 years have been a revenue roller coaster ride for the Fresh Air Fund (FAF). In 2014, the FAF reported total revenue of $19 million and they had $138 million in net fund assets. In 2015 and 2016, revenue grew to $27 million and $38 million, respectively and the endowment remained stable at $133 million and $127 million, respectively. But something happened in 2017. Revenue dropped to $24 million although the endowment increased to $136 million. In 2018, revenue dropped again, to $16 million although, again the endowment remained stable (and actually increased slightly to $139 million due to unrealized gains on investments). But, no one seems to be talking or writing about what happened to cause the most recent decline in revenue. Read more 
Paddock Post 