The corporation made four awards, two each in the second and third quarters, as part of its search for debt and equity funds to create a balanced catalyst fund.
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.