Endowments across the country are beginning to report preliminary return information for the first quarter as the COVID-19 pandemic led to a precipitous market decline.
Institutional investors must lean on governance-best practices to avoid being victimized by a market crisis such as the current one brought on by COVID-19, according to a recent report.
A Midwestern university disclosed follow-on commitments to real estate, absolute return, venture capital and private equity investments at today’s board meeting.
Americans gave US$450 billion to charity in 2019, about $1 billion less than a record high in 2017, after adjusting for inflation. Thanks in large part to strong economic conditions in 2019, our team found total giving rose 2.4%.
Netflix CEO Reed Hastings and his wife, Patty Quillin, announced Wednesday morning that they have given $120 million toward scholarships at historically Black colleges and universities — the largest individual donation to the institutions to date.