The estate of the co-founder of Microsoft and philanthropist has started a new foundation promoting bioscience and environmental stewardship based on the West Coast.
The fund reviewed proposed changes to the target asset allocation for its trust funds portfolio last month, including increases to private equity, public equity and private infrastructure.
The foundation hired a new investment consultant to take over duties from its incumbent consultant later this year following a search for the services.
The fund is looking to enhance the capacity and ability of community development financial institutions to provide technical assistance and capital access to economically disadvantaged communities in the state.