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Jun 1, 2011 12:00 PM
A Time of Change
Refining portfolio construction for endowments and foundations
Arecent headline in The Chronicle of Philanthropy tells the story: “Recession's Hard Lessons Lead to Changes in Endowment Policies: The bulls may be back in control on Wall Street, but the painful lessons that endowment managers endured just a year ago are leading to a number of changes that affect how the funds are managed.”
The article goes on to cite the results of a recent survey, in which 23 organizations — roughly twice as many as a year ago — told the Chronicle their boards had adopted new policies regarding investments. Another 25 said they were considering new investment policies. This isn't a surprising development, given the huge losses suffered by endowments over the past few years: The top 10 university endowments lost a collective $36 billion for the fiscal year ending June 30, 2009.
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Topics of Interest
| Estate Tax | Donor Advised Funds |
| GSTs | Family Offices |
| Private Foundations | Life Insurance |
| 2010 Tax Act News | Industry Trends Surveys |
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