A university in the Rocky Mountain region has received a draft report recommending it divest its endowment of fossil fuel industry holdings and reinvest in renewable resources.
A nonprofit in the Mid-Atlantic region has hired a discretionary advisor to provide investment management, advisory and reporting services for several of its short- and long-term investment pools.
Glenmede has appointed Linda Manfredonia as regional director of its Wilmington, Del. office and president and ceo of The Glenmede Trust Company of Delaware, the firm announced.
Nonprofits are cautiously optimistic that they will generate a return sufficient to cover inflation, distributions and investment costs over the next 10 years despite apprehensions related to the U.S. economic recovery and the performance of the U.S. stock market in the short term, according to a recent survey