For instance, if in the same field of endeavor, Charity A has better efficiencies than Charity B, ask Charity B why that is so or how it thinks it does a better job than Charity A. You even can use the ratios here as a benchmark for similar nonprofits not on the list (of which were are more than 1.2 million in the U.S.).
The general portfolio includes Berkshire Hathaway ( BRK.B), which pays no dividend, while the tax-managed portfolio substitutes dividend-yielding oil field services provider Schlumberger ( SLB) for Berkshire.