Your organization’s spending policy should be carefully selected after the thorough evaluation of several key inputs. A qualitative review of the type of organization, time horizon, beneficiaries, purpose of the endowment, sources of funding, institutional resources, applicable donor restrictions, and the investment policy statement should lead to a quantitative analysis that addresses: Annual operating expenses... Read More
By relying simply on stated fees, such as management fee or advisory fee, foundation trustees may be underestimating the full impact of the aggregate investment expenses because as there may be other components of investment costs that are not explicitly stated as fees. In the 1990s, when portfolio performance was beating the S&P 500, it... Read More
Are you talking with your board and investment advisors about asset allocation? Concepts to consider A number of concepts should be understood before you tackle the important work of creating an investment policy and allocating assets. Investment time horizon How long do you want your foundation to exist? Do you plan for your foundation to... Read More
Foundations represent a pool of financial resources to be spent for social good. Whereas much has been penned about how to spend foundation resources wisely to maximize impact, less attention generally has been paid to how to care for those resources before they are spent. Stewarding philanthropic resources requires a series of complex economic, market,... Read More
Originally distributed as part of Glenmede’s Top 5 series While grantmaking remains one of the most powerful ways for philanthropists to create an impact, new ways of thinking have inspired philanthropists to leverage additional strategies. Become a Strategic Partner, Not Just a Funding Source Grantmakers have the ability to impact grantees in a number of... Read More
If you are responsible for your foundation’s investments, then you are a fiduciary, defined as anyone who has the legal responsibility of caring for someone else’s money. In this webinar, learn about the “fiduciary difference” between investment professionals and foundations staff and board members. Find out why it matters to your foundation, your fees, and... Read More