Endowments & foundations
News and Video on Endowments & Foundations
University of California deputy CIO is retiring
trueMel Stanton, deputy chief investment officer for the University of California, Oakland, is retiring after 24 years.
Eastern Kentucky University scouting for investment consultant
trueEastern Kentucky University Foundation, Richmond, is seeking an investment consultant for its endowment.
truePolicies vary when it comes to ESG, but some institutions are leading the way.
Harvard leads in endowment manager pay
trueHarvard University, Cambridge, Mass., isn’t letting underperformance get in the way of top pay.
McKnight Foundation adds director of impact investing
trueElizabeth McGeveran was named impact investing program director at the $2 billion McKnight Foundation.
Equities push return for big endowments to 16% for fiscal year
trueThe estimated average return for large endowments — those having more than around $900 million — is a little less than 16% for fiscal 2014, driven by double-digit returns in listed equities and private equity. For the year ended June 30, global equities returned 24.8% as measured by the MSCI World ...
Mercer County Community College signs PFM as foundation's manager
trueMercer County Community College hired PFM Asset Management as investment manager of its $5 million foundation.
2012 foundation 990-PF data is now available
trueAlmost all of the largest foundations in the U.S. have filed their 990-PFs with the IRS. The data can be found in the P&I Research Center.
St. Thomas More College in hunt for consultant
trueSt. Thomas More College is searching for an investment consultant for its C$15.4 million (US$14.45 million) investment portfolio, which includes endowment funds.
Oklahoma Tobacco trust chooses 2 GTAA managers
trueOklahoma Tobacco Settlement Endowment Trust hired Grantham Mayo van Otterloo and Pacific Investment Management Co. as its first global tactical asset allocation managers.
Wikimedia Foundation issues call for investment consultant
trueWikimedia Foundation, San Francisco, is searching for its first investment consultant
Crowder College signs U.S. Bank as manager of foundation
trueCrowder College, Neosho, Mo., hired U.S. Bank as investment manager of its $5 million foundation
University System of New Hampshire boosts accounts with 2 managers in rebalancing
trueUniversity System of New Hampshire, Concord, added $3 million each to a real asset collective trust fund managed by State Street Global Advisors and an emerging markets equity mutual fund managed by Parametric Portfolio Associates in the system's $444 million combined endowment pool
Investors' paths diverge on fossil fuels
truePublic pension funds are lagging behind endowments and foundations in divesting investments in fossil-fuel companies choosing instead to engage energy companies through discussions and shareholder resolutions.
Infrastructure funds not the kind investors prefer
trueMore institutional investors might invest in infrastructure if there were more longer-lived investment structures, such as open-end funds invested in stable projects, consultants say.