In The News
Columbia will likely avoid the 1.4 percent endowment tax that it could have been subject to under the newly reformed endowment tax tier system introduced in President Donald Trump’s tax and spending bill.
In an attempt to fortify New Mexico’s pipeline for nurses, teachers and social workers, state lawmakers appropriated $170 million over a recent three-year period to expand higher education faculty endowments. But some of that money has not been used as intended and delays in implementation have blunted its intended impact, according to a new legislative report released Thursday.
Former Western Asset Management co-CIO Ken Leech appeared in federal court on Monday, where he pled not guilty to charges stemming from a $600m fraud case alleging that he ‘cherry picked’ trades for favored clients over several years.
According to Patrick Decker, head of institutional OCIO at Wilmington Trust, nonprofits are increasingly turning to this model for professional investment and governance management. Decker makes a case that this model is a great way for foundations to reassess strategic plans, endowment strategies and fundraising goals during times of financial stress.
City Controller Chris Hollins wants any investigation into his office’s fundraising practices to extend to the Mayor’s State of the City event, he said in a letter to the Office of Inspector General and City Council Ethics Committee.
Wilson, who oversees the St. Louis-based university’s approximatley $2.5 billion endowment, speaks about managing the portfolio in today’s market.
Abrdn, the UK-listed fund management group, is working with the University of Edinburgh to develop a generative AI tool with a “statistical brain” to work alongside its investment research team.
As UMass backs out of a commitment to consider divestment, an investigation reveals its endowment has millions indirectly invested in defense contractors and other entities targeted by student activists.
Andrew Golden steps down from Princo after building a $34.1 billion endowment. How should that money be invested and spent going forward?
A question and answer with Brown University CIO Jane Dietze on the institution’s endowment, divestment and ethical investing.