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Author: Ralph Lowell Nelson
Publisher: Russell Sage Foundation
ISBN: 1610446739
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
Focuses on the 133 largest foundations endowed by individuals or families, each of which in 1960 held assets of more than $10 million. While representing less than one percent of the total number, they account for the majority of income, endowment, and spending of all foundations. The author describes the economic dimensions of foundation activities in the context of the general economy and private philanthropy. He examines the process by which the foundations were established, when and how they received initial endowments, their investment patterns over a period of years, and the policies governing investment of their endowed funds.
Author: Ralph Lowell Nelson
Publisher: Russell Sage Foundation
ISBN: 1610446739
Category : Business & Economics
Languages : en
Pages : 218
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Book Description
Focuses on the 133 largest foundations endowed by individuals or families, each of which in 1960 held assets of more than $10 million. While representing less than one percent of the total number, they account for the majority of income, endowment, and spending of all foundations. The author describes the economic dimensions of foundation activities in the context of the general economy and private philanthropy. He examines the process by which the foundations were established, when and how they received initial endowments, their investment patterns over a period of years, and the policies governing investment of their endowed funds.
Author: Lawrence E. Kochard
Publisher: John Wiley & Sons
ISBN: 1118045009
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
In Foundation and Endowment Investing, authors Lawrence Kochard and Cathleen Rittereiser offer you a detailed look at this fascinating world and the strategies used to achieve success within it. Filled with in-depth insights and expert advice, this reliable resource profiles twelve of the most accomplished Chief Investment Officers within today’s foundation and endowment community—chronicling their experiences, investment philosophies, and the challenges they face—and shares important lessons that can be used as you go about your own investment endeavors.
Author: Chris Russell
Publisher: John Wiley & Sons
ISBN: 0470032227
Category : Business & Economics
Languages : en
Pages : 248
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Book Description
Trustees are responsible for the stewardship of assets and for implementing the mission of their endowment or foundation. Almost invariably trustees delegate the management of those assets to agents who are investment professionals. In this increasingly sophisticated and litigious financial world there can be a growing gap of comprehension, exacerbated by mathematics and jargon, between trustees who are responsible and agents who are accountable. This book aims to fill that gap. The book draws on the author's own experience and research and that of generations of investment professionals and academics to explain the fundamentals of investment strategy. Key features are therefore: Foreword by George Keane (founder and former president of Commonfund, won the first ever Lifetime Achievement Award from Foundation & Endowment Money Management) one of the icons of endowment fund management in the US Aimed at professional trustees An holistic approach to strategy Avoidance of jargon and mathematics Focus on principles underlying asset strategy
Author: Michael Crook
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
In order to ensure long-term viability and impact, many private foundations have three basic investment policy objectives: 1) Distribute 5% of the net fair value of their assets per year; 2) Maintain at least a constant level of real (inflation-adjusted) charitable giving per year; and 3) Do so in perpetuity.The investment hurdle rate for a private foundation, defined as the return in excess of short term nominal interest rates necessary meet the above objectives, is therefore a function of the 5% distribution requirement, nominal interest rates, and the level of inflation. The current market environment of low nominal interest rates and negative real interest rates presents perhaps the most challenging period in the last thirty years for achieving these goals. We use a simulation analysis based on market-derived capital market assumptions to estimate probabilities of success for three portfolios of various estimated risk levels over the next two decades. Notably, our analysis implies that most foundations are unlikely to maintain the inflation-adjusted value of their corpus in addition to meeting the 5% distribution requirement over the next 10-20 years.
Author: David E. Linton
Publisher:
ISBN: 9781604271652
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
Foundations of Investment Management: Mastering Financial Markets, Asset Classes, and Investment Strategies shows how to navigate today's world of complex financial instruments, investment opportunities, and devastating pitfalls. This reader-friendly guide details stocks, bonds, and alternative investments, who invests in these asset classes, how, and why. It uses real-world examples in addition to citing the latest academic research. Additionally, seven industry experts have co-authored select chapters to greatly expand the depth and utility of this book for the reader. This unique guide is perfect for financial analysts, portfolio managers, client-facing representatives, product specialists, and anybody early in their finance career who wishes to understand how clients, products, and investors relate and interact. Foundations of Investment Management provides a complete overview of the investment management industry; defines key terms and participants; identifies investment vehicles, strategies, and asset classes; and analyzes each strategy focusing on its relative utility and potential inclusion in a well-diversified portfolio. Despite the subject mater's complexity, each topic is distilled in a way that is highly relatable and intuitive, ensuring the reader knows how to better manage their investments or interact with clients. Lastly, every chapter closes with a summary and investment implications to maximize the information presented. Key Features - Defines various fund structures, discusses the growth of the mutual fund industry, explains the benefits and disadvantages of comingled vehicles and details other investment options including fund of funds, annuities, and separately managed accounts - Presents detailed descriptions of different institutional investors; elaborates on their investment considerations, objectives, and reaction functions; and concludes with implications for an institutions' propensity to respond similarly to market developments - Supplies tools and techniques to construct and optimize a fixed income portfolio - Reviews the history of the Bank of England and U.S. Federal Reserve and describes central bank objectives, tools, and reaction functions - Illustrates the difference between investing and speculating by introducing different valuation methods and approaches to developing an investment thesis - Examines the growth of high frequency trading and identifies rebalancing strategies - Identifies different stock investment approaches as well as introduces several equity valuation methods - Describes mean variance optimization and conviction-based portfolio construction approaches - Reviews bond basics including bond income, interest rate sensitivity, and sources of risk such as credit and liquidity - Examines the history of real assets, defines each real asset, details the drivers of their return, and explains how an investor may gain exposure to each asset through the utilization of financial instruments or investment vehicles - Presents the theory behind and history of factors and factor investing from both an academic and practitioner perspective. - Presents the development of our understanding of behavioral biases, explains how these biases impact investment decisions, and provides tips and techniques to avoid their pitfalls
Author: Roger D. Silk
Publisher: John Wiley & Sons
ISBN: 1118093496
Category : Business & Economics
Languages : en
Pages : 295
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Book Description
The insider's guide to charitable organizations for donors and their advisors Do you know when to use a private foundation, a donor-advised fund, or a charitable remainder trust or other charitable vehicle? Do you know the different tax benefits, limitations, and control rules for each alternative? Do you have an appropriate investment policy for your endowed charities? Do you have a rubric for avoiding fraud? Do you know what to look for to make sure that your charitable donations don't do the opposite of what you intend? In Managing Foundations and Charitable Trusts, Roger D. Silk and James W. Lintott provide a comprehensive guide for charitable donors and their advisers. Additional topics include: Foundation Governance When to seek additional professional help When and how to turn a CRT interest into cash Key tax issues Creating a legacy Why tax planning is so difficult, and how to approach it Straightforward and authoritative, Managing Foundations and Charitable Trusts is a handy, easy-to-read guide that all donors and their advisors will want to keep on hand.
Author: Roger D. Silk
Publisher: John Wiley & Sons
ISBN: 0470884827
Category : Business & Economics
Languages : en
Pages : 226
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Book Description
Imagine all you'd like to accomplish with your philanthropy. Now picture a large portion of your resources never reaching their intended use due to poor strategies, mismanagement, or unnecessary taxes. Today the opportunities in the philanthropic sector are greater and more varied than ever. Private foundations, which offer several estate and tax-planning advantages as well as unparalleled donor control, have become the vehicle of choice for more than sixty thousand individuals and families--and may be ideal for you. Creating a Private Foundation introduces the issues you need to understand and gives the big picture on how foundations work. It tells you exactly what is involved for you, for the causes you care about, for your finances and taxes, and for your heirs. Chapters address the practicalities as well as the implications of founding, funding, organizing, and operating an effective foundation, including growing its endowment, allocating its assets, and selecting professional foundation management help. Roger Silk, James Lintott, and their colleagues, leaders in the foundation consulting arena, have pooled their wisdom in this comprehensive guide for donors and your advisers. If you're looking to make a difference, there is no better guide.
Author: Donald W. Trotter (C.F.A.)
Publisher:
ISBN:
Category : Charitable uses, trusts, and foundations
Languages : en
Pages : 45
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Book Description
Author: Shayne Kavanagh
Publisher: Gfoa
ISBN: 9780891252702
Category : Municipal finance
Languages : en
Pages : 155
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Book Description
Author: Claire List
Publisher:
ISBN:
Category : Endowments
Languages : en
Pages : 0
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Book Description
