Celia Dallas, chief investment strategist at Cambridge Associates, a leading investment consultancy, discusses the need for active strategies for endowments and foundations. The interview was conducted by the Richard A. Mayo Center for Asset Management at the University of Virginia Darden School of Business.
Views: 204 DardenMBA
Moderator Kerry Kennedy, President, Robert F. Kennedy Human Rights Speakers Kim Lew, Vice President and Chief Investment Officer, Carnegie Corporation of New York Brian O'Neil, Chief Investment Officer, Robert Wood Johnson Foundation Mark Suzman, Chief Strategy Officer and President, Global Policy and Advocacy, Bill & Melinda Gates Foundation Darren Walker, President, Ford Foundation Shawn Wischmeier, Chief Investment Officer, Margaret A. Cargill Philanthropies There is a long-standing debate of whether a foundation's endowment should reflect the mission of the organization, or the fiduciary responsibility remains to maximize returns. Panelists will discuss: Can endowments benefit financially from mission-related investments? What the risks are in mixing mission with return? Is this better suited from the program side or the endowment side, or both? What is the best process to integrate a foundation's mission with its investment strategy? How can the investment strategy impact grantmaking? How the regulatory environment might impact a more mission aligned endowment portfolio?
Views: 409 Milken Institute
If you’re looking for a great way to provide lasting support for causes and organizations that are important to you, endowment funds are a great option. Sound complicated? It’s easier than you think. Here's a quick video that will show you how the power of endowment works. Edmonton Community Foundation provides grants to local charities through the generosity of our donors and their endowment funds. To learn more visit: http://www.ecfoundation.org/donors/how-funds-work
Views: 8264 Edmonton Community Foundation
Learn how endowment funds established with the JCF can help you leave a legacy and benefit your favorite non-profit for generations to come, while also earning tax deductions (please contact your preferred tax advisor). Learn more about the JCF and establishing endowment funds by visiting www.EndowmentFunds.org or by contacting us at 856-673-2582 or [email protected] Thank you.
Views: 7428 Jewish Community Foundation, Inc.
The Yale endowment-- you hear about it often, but do you know how it actually works, where the money comes from, or how it’s invested or spent? YTV, P&D, and Illustrations explain. The Official YouTube channel of the Yale Daily News: America's Oldest College Daily newspaper. Questions? Contact the Yale Daily News YTV Editors, Raleigh Capozzalo, Peter Chung and Rebecca Faust at [email protected] See www.yaledailynews.com/ytv.
Views: 5715 ydnmultimedia
Featuring Michael Losquardo of CSU Long Beach's 49er Foundation, this interview reviews some of the fundamentals to designing a sustainable philanthropic endowment - from a policy, investment, and structural perspective, among other things.
Views: 170 Beacon Pointe
Celia Dallas, chief investment strategist at Cambridge Associates, a leading investment consultancy, discusses asset allocation changes of endowments and foundations. The interview was conducted by the Richard A. Mayo Center for Asset Management at the University of Virginia Darden School of Business.
Views: 193 DardenMBA
While investment returns are largely outside of your control, the policies and processes which define your organization are not. James Ebenhoch, Endowment & Foundation Consultant, and Nicholas Cintineo, Senior Investment Consultant, discuss the habits and norms that we’ve seen shared across many successful Endowments and Foundations, and explain how they might be of particular relevance today. Learn more about our Endowment & Foundation Services: https://www.manning-napier.com/InstitutionalInvestors/Public/Services/EndowmentsFoundations.aspx For important disclosures, please visit: https://www.manning-napier.com/disclosures
Views: 294 ManningandNapier
Featuring Bob Bancroft, vice president of finance at Nathan Cummings Foundation; Preeti Bhattacharji, ’14BUS ’09CC, vice president of integrated capitals at Heron Foundation; and Shuaib A. Siddiqui, director, impact investing at Surdna Foundation, this panel discussed how foundations have started to reposition their portfolios to focus their whole investment portfolios and endowments around social impact. This change has the potential to be a major shift in how funders use all of their resources to achieve impact, not just 5% from their endowment income. This session was moderated by Lily Trager, executive director and director of investing with impact at Morgan Stanley.
Views: 148 Columbia Business School
Hedge fund managers better start putting up because endowments and foundations are getting tired of paying up. NEPC, one of the largest investment consulting firms to endowments and foundations, today published the results of its second quarter Endowment and Foundation Poll, a measure of confidence and sentiment related to the economy, investing and market performance. The poll included a special focus on how endowments and foundations view hedge funds and respondents cited strong concerns about high fees, underperformance and transparency. 'While hedge funds play an important role in many institutional portfolios, the last several years have been difficult for the industry and investors are starting to look very closely at how hedge funds can work for them,' said Cathy Konicki, Partner and Head of NEPC's Endowment & Foundation Practice Group. According to the survey, 24% of respondents cited having zero exposure to hedge funds, which is a significant increase from the Q2 2014 NEPC Endowment and Foundation Poll, when only 2% reported having no exposure. And while 39% of respondents in the Q2 2014 Poll had 11% to 20% of their portfolio allocated towards hedge funds, in the Q2 2016 survey only 23% had the same allocation. Another concern cited by endowments and foundations was hedge fund fees, according to the NEPC survey. A quarter of survey respondents have asked for reduced fees or been offered reduced fees by their hedge fund managers within the past six months. When asked about the biggest challenges they face with their hedge fund investments right now, 'High Fees' was the second highest response (54%), topped only by 'Low/Disappointing Returns' (80%). As for which hedge fund strategies respondents are most bullish on, 36% think multi-strategy will generate the highest returns over the next three to five years. Other top results to this question include long/short equity (33%), global macro (25%) and credit (22%). Aside from the referendum on hedge funds, 50% of the survey's respondents say the U.S. economy is in a worse place now than it was this time last year. And 52% say a slowdown in global growth poses the greatest near term threat to their portfolios. As for the presidential election, 70% of respondents think Hillary Clinton will win the race, but are split on who would have a more positive impact on U.S. markets and their portfolio. Subscribe to TheStreetTV on YouTube: http://t.st/TheStreetTV For more content from TheStreet visit: http://thestreet.com Check out all our videos: http://youtube.com/user/TheStreetTV Follow TheStreet on Twitter: http://twitter.com/thestreet Like TheStreet on Facebook: http://facebook.com/TheStreet Follow TheStreet on LinkedIn: http://linkedin.com/company/theStreet Follow TheStreet on Google+: http://plus.google.com/+TheStreet
Views: 106 TheStreet: Investing Strategies
Marc Bushallow, Managing Director of Fixed Income and Nicholas Cintineo, Senior Investment Consultant, discuss the importance for Endowments & Foundations to navigate the risks that exist in today's fixed income environment in order to stay on track towards long-term goals. Learn more about our Endowment & Foundation Services: https://www.manning-napier.com/InstitutionalInvestors/Public/Services/EndowmentsFoundations.aspx For important disclosures, please visit: https://www.manning-napier.com/disclosures
Views: 247 ManningandNapier
Keith Black, Managing Director, CAIA http://jai.iprjournals.com/content/15/4/87 When applied by the largest investors, the endowment model has created impressive returns over the past 20 years. However, this style of portfolio management comes with a special set of risks. First, portfolio managers need to be concerned about the interactions among spending rates, inflation, and the long-term asset value of the endowment. Second, a portfolio with as much as 60% invested in alternative assets raises concerns of liquidity risk and the ability to rebalance the portfolio when necessary. Finally, portfolios with high allocations to assets with equity-like characteristics and low allocations to fixed income require the portfolio manager to consider how to protect the portfolio from tail risk, which is a large drawdown in portfolio value during times of increased systemic risk. Those wishing to replicate the results of the most successful endowment and foundation investors need to consider the risks to inflation, liquidity, and extreme market events, while adding value through rebalancing and the successful selection of active managers. A focus on alternative investments also requires a greater degree of investment manager due diligence, evaluating both investment and operational risks.
Views: 49 IPR Journals
The Summit on Foundation, Endowment & Not for Profit Investment West took place on June, 2013. In this video speakers and attendees share their experiences at the 2013 conference. Returning to Vancouver, BC, on June 10th - 11th, 2014, the 2nd Annual Summit on Foundation, Endowment & Not for Profit Investment West will provide attendees with the information they need to formulate a cohesive strategy to mitigate risks, maximize returns, and meets disbursement obligations. Find out more by visiting: http://foundationendowmentwest.com/
Views: 140 Strategy Institute
Endowments are monies presented for a useful cause after being saved for a longtime; they are typically used by universities, but also by some insurance companies. Learn more about endowments, and who receives the largest, with tips from a registered financial consultant in this free video on finance and investment. Expert: Patrick Munro Contact: www.northstarnavigator.com Bio: Patrick Munro is a registered financial consultant (RFC) with outstanding sales volume of progressive financial products and solutions to the senior and boomer marketplace. Filmmaker: Reel Media LLC
Views: 2619 eHow
Academic Endowments and Foundations are among the largest institutional investors on the planet. A significant part of their portfolio is devoted to venture capital. Learn how their goals can differ from LPs and how can that be an advantage for entrepreneurs and companies looking for capital. Panelists include Kevin Edwards, CIO of The University of Connecticut Foundation; Lynne Garner, Trustee and President of The Donaghue Foundation; and Steve Bloch, General Partner at Canaan Partners. May 10, 2012
Views: 119 Crossroads Venture Group
On June 11th, 2018, The Intentional Endowments Network hosted a Community Impact Investing Roundtable focused on opportunities for place-based investing. The Roundtable convened endowment and foundation decision-makers and other stakeholders interested in enhancing their leadership on sustainable investing. On this panel, Kate Dumas (Principal/Consultant, Prime Buchholz) invited Erik Gross (Board Treasurer, UNH Foundation) and John Hamilton (Vice President of Economic Opportunity, New Hampshire Community Loan Fund) to illustrate what community investing might look like for a college endowment. Both gave accounts on how their partnership came to be and how the two institutions are working together to create resilient communities in New Hampshire. Panelists: Erik Gross, Board Treasurer, UNH Foundation John Hamilton, Vice President of Economic Opportunity, New Hampshire Community Loan Fund Kate D. Dumas, CFA, Principal/Consultant, Prime Buchholz The Intentional Endowments Network supports colleges, universities, and other mission-driven tax-exempt organizations in aligning their endowment investment practices with their mission, values, and sustainability goals without sacrificing financial returns. In doing so, this broad-based, collaborative network will make a significant and critical contribution to creating a healthy, just, and sustainable society. Learn more at: http://www.intentionalendowments.org/
Views: 186 Intentional Endowments Network
Strategies and Products for Sustainable Investing • Matt Breidert, Partner and Senior Portfolio Manager, Ecofin • Tim Coffin, Senior Vice President, Breckinridge Capital Advisors • Lisa Hayles, Business Development, Boston Common Asset Management • Ian Monroe, Founding President and Chief Sustainability Officer, Etho Capital and Stanford University • Jamie Odell, Co-Chief Investment Officer, Caravel Management • Adam Strauss, CFA, Portfolio Manager, Appleseed Capital November 1-2 / Chicago, IL Convened by Intentional Endowments Network and Loyola University Chicago
Views: 52 Intentional Endowments Network
Who invests in private equity? Investors in private equity are institutions and individuals. Institutions are defined as pension funds, endowments, and foundations. Currently (2016) individuals are comprised of family offices and select high net worth individuals. In the future, more and more people are going to be investing in private equity. In August 2015, Private Equity International compiled a list of the biggest investors in private equity. The list includes four categories of investors which include direct investors, fund investors, as well as investors that invest in co-investments and secondary investments. Direct investing is when an investor directly invests in private companies. It could be buying the entire company or a minority investment. Fund investing is when an investor goes to a private equity fund and the private equity fund buys companies on the investor’s behalf. Co-investing is the most complicated option. For instance, an investor invests $50 million in a private equity fund with co-investment rights, meaning that when the fund looks for opportunities it can allow the investor to participate not only through the fund, but directly as well. An example of this would be when a fund is looking at investment in a $40 million company. That investment needs $30 million equity and $10 million in debt. The equity portion given by the fund (without co-investing) would be $30 million dollars. In the case of co-investing, the fund gives $20 million (in which the investor is participating through the fund) with the remaining $10 million (i.e. the difference between the $20 million in equity given by the fund and the $30 million equity needed) is offered to the investor to do on a direct basis resulting in the fund investing $20 million and the investor investing $10 million. When investors invest into a fund, they pay full “two and twenty” fees (i.e. typically paying a 2% management fee and a 20% performance fee). By investing $10 million directly, other than a small deal origination fee, investors are able to reduce their overall fees. (For more on fees see the following video). The fourth way to invest in private equity is through secondaries. In this example, our investor makes a commitment to invest $50 million in a private equity fund by giving about $10 to $20 million dollars to the private equity fund up front for the first two fund investments. As more acquisitions are made, the private equity fund makes capital calls to the investor. The investor is usually locked into the private equity fund for seven to ten years (or longer). If the investor wants out of this agreement, the commitment can be sold to other investors. The sale can be of the entire commitment (which would include the existing deals that the private equity fund was already made, plus future capital calls) or it can be done through a structured secondary (selling different parts) where the investor may want to keep the existing investments and just sell the future commitments. As easy as an investor can sell a secondary, it can buy one as well. Returning to the August 2015 list of all the types of investments in private equity compiled by Private Equity International, we see that the Canada Pension Plan Investment Board (CPPIB) tops the list. CPPIB participates in all types of investments including direct, fund investments, co-investments, and secondaries. One of its most notable investments was in Skype. Skype was purchased from eBay in 2009 and sold to Microsoft in 2011. CPPIB had a small portion of that deals. In 2009, CPPIB invested $300 million and in 2011 it received $933 million. Yes, that’s right; CPPIB put in $300 million and received $933 million back in two years. Not too bad! To recap: Investors in private equity are institutions including pensions like CPPIB, endowments, foundations, and individuals. In 2016, individuals are mostly family offices and select high net worth individuals. In the future, more and more people are going to have access to private equity.
Views: 12914 Steve Balaban
What is a Program-Related Investment (PRI)? How does a PRI work? Why would a foundation make an investment instead of a grant? This video explains how the Ford Foundation uses PRI's to advance social change. ________ Subscribe! https://www.youtube.com/subscription_center?add_user=fordfoundationTV Follow Ford Foundation on social media! Facebook: https://www.facebook.com/FordFound Twitter: https://twitter.com/FordFoundation Instagram: https://www.instagram.com/fordfoundation/ LinkedIn: https://www.linkedin.com/company/ford-foundation
Views: 3034 Ford Foundation
The Ford Foundation is committing up to $1 billion from its $12 billion endowment over the next 10 years to the nascent investment field known as mission-related investing. For more information about the foundation’s commitment to mission-related investments, please read President Darren Walker’s essay on our website: https://www.fordfoundation.org/unleashingthepowerofendowments
Views: 5794 Ford Foundation
Prateek Mehrotra, MBA, CFA®, CAIA®, Chief Investment Officer the reasons behind why it guides the wealth management advice that we provide to our clients. The Endowment Investment Philosophy® builds portfolios using an asset allocation methodology pursued by major universities like Yale and Harvard because it offers the potential for superior risk-adjusted returns and lower volatility through all market cycles. This investment philosophy expands the number of asset classes and strategies used to create a portfolio by including alternative investments such as hedge funds, private equity, and real assets in addition to traditional stocks and bonds in a global framework. Questions? Visit our website at www.EndowmentWM.com or call 920.785.6010 for an introductory conversation. Copyright 2017. Endowment Wealth Management, Inc. All Rights Reserved. For informational and educational purposes only. Content is not intended to be, nor should it be construed as personalized investment or tax advice.
Views: 79 Endowment Wealth Management, Inc.
Subscribe My Channel For More Videos https://www.youtube.com/user/edbutowsky Facebook - https://www.facebook.com/ebutowskypub/ Twitter - https://twitter.com/edbutowsky Website Link- http://www.edbutowsky.com/ Ed Butowsky, top wealth manager in Dallas and managing partner of Chapwood Investment, LLC, explains how well Yale University endowment is invested and that the approach to investing could be applied to your portfolio. Financial Advisor, Wealth Manager, Portfolio, Corporate Valuation, Bond Markets,financial advisor, ed butowsky financial advisor, portfolio, investments, money, evaluate your financial advisor, fox business financial advisor, ed, butowsky,
Views: 9199 Ed Butowsky
Free Portfolio Tool: https://www.ways2wealth.com/ Types of Investors – Explained! Not all investors share the same financial objectives. In this short video we’ll take a quick look at different types of investors and some of their unique features; Individual investor Individual investors invest and save for several reasons from buying house, car to paying for college, university. They’re also known as retail investors, and they’re non-professionals. They trade, meaning that they buy and sell securities, through a broker. Their investment or savings amount is relatively lower than institutional investors like endowment funds and pension funds. You must have heard about retirement funds and pension plans many times, that’s because many countries offer special retirement accounts targeting individual investors, which defer any taxes on investment income and gains until the investor withdraws the fund. Institutional investors Institutions have large investment portfolios, with different investment goals. The purpose of investing in an endowment fund is that it provides financial support on an ongoing basis for a particular reason. For example, colleges and universities in the United States usually have an endowment fund to fund several departments, programs co-curricular activities etc. A foundation is a fund established for a charitable purpose. The exact nature of the purpose can vary, the charity could be for researching a specific disease such as cancer or for other activities such as providing food for an orphanage. The investment objective of the foundation is usually to provide continuous funding for an activity, and not allowing the real or inflation-adjusted value of the portfolio assets cannot decrease. Both foundations and endowment funds have a long investment horizon, they are also relatively risk tolerant and do not have other needs, other than planned spending, which would require liquidity. Now bank is also a type of investor and its objective is simply to earn more on the loans and investments it has made, than the amount it has to give on deposits to its customers. One of the key feature of banks is that they need high liquidity, therefore, they always have to ensure that sufficient cash is available when a customer wants to withdraw. The main objective of an insurance company is to have enough funds available when a customer files a valid claim. Life insurance companies usually have a long investment horizon while property and casualty insurance companies have a shorter investment horizon, for obvious reasons. Investment companies manage pools of investments, and their investment objectives vary considerably. They tap into a range of financial products and securities. For example if the pooled investment is a mutual fund the fund will have its own style of investing, for instance it could be looking for index investing, growth investing or bond investing, therefore, depending on these investment styles it could limit its investments to certain products such as large caps stocks, small-cap stocks, or buying stocks from the energy sector, or the fund could target a specific region such as North America or the emerging markets or Europe. Then there are sovereign wealth funds, these funds are owned by governments, for example the Abu Dhabi investment Authority is a sovereign wealth fund owned and funded by the government of Abu Dhabi, and holds assets worth over $627 billion. Now, ignoring a few exceptions, one thing common among all these types of investors is that they all have a portfolio. Why do financial advisers keep talking about this portfolio? What is this portfolio perspective? It simply means that you evaluate the risk and return of every element that you have put your money into. When you combine all these elements or financial securities this forms your portfolio. If you don’t make a portfolio you would be evaluating the risk and return of individual investments in isolation. Say, you buy a stock, just one stock, because you think it’s the best stock out there, this is not the portfolio style of investing. And it’s a very risky approach compared to holding a diversified portfolio. Modern portfolio theory says that the extra risk you take on by holding a single security (stock, bond whatever) is not rewarded with higher expected return. On the flipside, when you make a portfolio, which is diversified, meaning its spread out into different securities, you reduce the risk without reducing the expected return, provided you diversify according to a strategy. Creating a diversified portfolio is not that difficult, even if you have no knowledge and no market experience you can use the free tool, Ways2Wealth. The process is very simple, you just answer a few questions to create your risk profile, and it does the rest for you. Log on to Ways2Wealth.com and make your portfolio right now.
Views: 108 SAMT AG Schweizer Vermögensverwaltung
During this 30-minute conference call, The San Diego Foundation Investment Chair Steve Klosterman, AIF and Chief Investment Officer Matt Fettig, CFA discussed 2018 Q1 trends, returns and asset allocation for The Foundation's Endowment Portfolio and Long-Term, Medium-Term and Short-Term Non-Endowment Portfolios. The discussion concludes with a Q&A from webinar attendees. For more information, visit SDFoundation.org/investments.
Views: 34 The San Diego Foundation
http://selling-endowmentpolicies.info/ An endowment fund is a traditional way for a nonprofit organization to support itself. Supporters of the organization provide money for the fund, which is invested with the proceeds going back to the organization. An endowment fund requires long-term planning, which is why it is a favorite investment vehicle of institutions such as colleges, museums and other organizations that expect to exist for many years into the future. http://selling-endowmentpolicies.info/
Views: 42 LawyerTop
Views: 89 Strategy Institute
This video helps community foundations inspire donors to invest in the foundation's operating endowment and unrestricted grant making initiatives. Community foundations may purchase this video at embolden.com. Our team will add your foundation's name and logo, and you'll have your video file in less than a week.
Views: 237 Embolden
Webinar to Review the Findings of New Research: Environmental, Social and Governance Investing by College and University Endowments in the United States. July 2012
Harvard University’s endowment fund, which is the largest in the world, is planning to make big changes to its investment approach. Here’s why Harvard and many of its endowment peers are making similar moves. Photo: Getty Images Subscribe to the WSJ channel here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Follow WSJ on Facebook: http://www.facebook.com/wsjvideo Follow WSJ on Google+: https://plus.google.com/+wsj/posts Follow WSJ on Twitter: https://twitter.com/WSJvideo Follow WSJ on Instagram: http://instagram.com/wsj Follow WSJ on Pinterest: http://www.pinterest.com/wsj/ Don’t miss a WSJ video, subscribe here: http://bit.ly/14Q81Xy More from the Wall Street Journal: Visit WSJ.com: http://www.wsj.com Visit the WSJ Video Center: https://wsj.com/video On Facebook: https://www.facebook.com/pg/wsj/videos/ On Twitter: https://twitter.com/WSJ On Snapchat: https://on.wsj.com/2ratjSM
Views: 2901 Wall Street Journal
During this 30-minute conference call, The San Diego Foundation Investment Chair Steve Klosterman, AIF and Chief Investment Officer Matt Fettig, CFA discussed 2019 Q1 trends, returns and asset allocation for The Foundation's Endowment Portfolio and Long-Term, Medium-Term and Short-Term Non-Endowment Portfolios. The discussion concludes with a Q&A from webinar attendees. For more information, visit SDFoundation.org/investments.
Views: 23 The San Diego Foundation
Robert Riedl, CPA, CFP®, AWMA®, Director of Wealth Management highlights the reasons why you should hire Endowment Wealth Management® to help guide you and your family's wealth. We are professional wealth advisors whose sole mission is to provide wealth sustainability for individuals, families, endowments, foundations, and retirement plans through the implementation of our 3-D Endowment Investment Philosophy®. We believe that your family is your most valuable asset. We believe that you are best served by a fee-based fiduciary that places your interests first and that you are entitled to full transparency in all investment advice in order to make informed investment decisions. We invite you to learn more about our experienced team and our professional services and look forward to meeting with you to discuss how we can serve your wealth management needs. Questions? Visit our website at www.EndowmentWM.com or call us at 920.785.6010 Copyright 2017. Endowment Wealth Management, Inc. All Rights Reserved. For informational and educational purposes only. Content is not intended to be, nor should it be construed as personalized investment or tax advice.
Views: 122 Endowment Wealth Management, Inc.
Discover the unique intricacies of Trust and Endowment funds. Learn what the various types of funds are and how to establish a fund. Topics include donations and how they are received and recorded (including the interest and units on endowed funds), the recapitalization and transfer process, and other key processes for managing your fund. This session delivers a strong emphasis on the importance of accurate financial information and reporting requirements and how to close a fund.
Views: 803 QueensFinance
What is YALE UNIVERSITY ENDOWMENT? What does YALE UNIVERSITY ENDOWMENT mean? YALE UNIVERSITY ENDOWMENT meaning - YALE UNIVERSITY ENDOWMENT definition - YALE UNIVERSITY ENDOWMENT explanation. SUBSCRIBE to our Google Earth flights channel - http://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ?sub_confirmation=1 Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. The Yale University endowment (valued at $25.4 billion as of 2016) is the world's second-largest university endowment, after the Harvard University endowment, and has a reputation as one of the best-performing investment portfolios in American higher education. The endowment was established at Yale University, then Yale College, in 1718 from an initial fund of £562 provided by Elihu Yale and has grown to more than $25 billion in value over the ensuing 300 years. It is managed by the Yale Investments Office. Yale University was founded as "the Collegiate School" in 1701. In 1718 Elihu Yale sold a portion of his collection of gems and furniture to provide an initial fund of £562 for the establishment of the school's endowment. Since 1985 the Chief Investment Officer of Yale has been alumnus David Swensen. As of 2013 the chairman of the Yale Investment Committee, which provides oversight of the endowment, was Douglas A. Warner III. As of June 2016, the endowment was valued at $25.4 billion. Since the mid 1980s, the endowment has generated annual returns for the university of approximately 12.6-percent, with a portion of the annual return forming part of the university's operating budget and the remainder reinvested to grow the size of the endowment. Spending from revenue earned off the endowment accounted for $1.2 billion of the university's operating budget in 2017. The endowment has become known for seeking out "unconventional assets" and for investments in emerging businesses. In the 1990s it invested in Google and Amazon and was later an early investor in Facebook, LinkedIn, and Airbnb. As of 2016, its venture capital investments had averaged 93-percent returns over the preceding two decades. In 2016 the State of Connecticut considered taxing Yale's investment returns as a way of plugging a gap in the state budget. The university objected, in part, on the grounds that such a move would be a violation of the tax exemption guaranteed to the university by the Colony of Connecticut in 1745. Beginning in the early 2000s, some criticized the size of compensation given to the endowment's managers. In 2015, Swenson earned $4.5 million, making him the highest-paid employee at the university, surpassing the compensation of even university president Peter Salovey. Others have said the salaries of endowment managers are justifiable, asserting that they are less than what could be earned in the private sector and pay for themselves with the endowment's high rates of return.
Views: 138 The Audiopedia
Find out more about Mercer Pavilion: https://bit.ly/2PaRIVa | Healthcare: Rising costs. Evolving technology. Changing tax laws. Budget constraints. As a not-for-profit healthcare organization, you face many complex challenges, which can make it difficult to fulfill your mission. However, delivering care to the people who need it most is of the utmost importance, and we’re committed to helping you succeed. We work closely with you to create sound investment strategies aimed at helping you meet your operational and asset goals, ensure adequate liquidity, integrate assets and liabilities, manage your capital fundraising proceeds, and attain sustainable growth. Endowments & Foundations: A well-managed investment portfolio should support your mission for years to come. However, the reliance on this pool of capital can make your institution vulnerable to adverse events. Pavilion can help. By working closely with your organization, we can help you gain a more strategic perspective on governance processes and implementation considerations — ensuring the checks and balances necessary to support successful investment execution. Our deep expertise, powerful insights, and real-world solutions help the people and organizations we serve take steps today to secure a better tomorrow. - - - - - - Mercer Website: https://bit.ly/2GezDBJ Twitter: @mercer https://twitter.com/mercer Facebook: @MercerInsights https://www.facebook.com/MercerInsights/ YouTube: mercervideo https://youtube.com/mercervideo
Views: 97 Mercer
Blue Ocean Portfolios provides wealth management and index based investment services for its clients throughout Missouri. We are headquartered in Chesterfield, MO and are a proud member of the St. Louis community. Our investment services include Individual and Family Wealth, IRA Rollovers, Foundations & Endowments, 401(k) and 403(b)s and Pension plans. We strive to eliminate conflicts of interest, hidden fees, and commissions in order to create peace of mind at the best value. Visit www.BlueOceanPortfolios.com for more information.
Views: 1015 Blue Ocean Portfolios
In this webinar, Fran Seegull, Executive Director at the U.S. Impact Investing Alliance at The Ford Foundation, Allison Spector, Senior Manager of Investors' Council & Membership Programming at The Global Impact Investing Network, and Shawn Wischmeier, CIO of Margaret A. Cargill Philanthropies, will offer an introduction to impact investing for institutional investors. The Intentional Endowments Network supports colleges, universities, and other mission-driven tax-exempt organizations in aligning their endowment investment practices with their mission, values, and sustainability goals without sacrificing financial returns. In doing so, this broad-based, collaborative network will make a significant and critical contribution to creating a healthy, just, and sustainable society. Learn more at: http://www.intentionalendowments.org/
Views: 145 Intentional Endowments Network