The foundation has promoted a senior program officer to director of program-related investments to develop and launch a new mission-related investment program.
The firm added a Northeast sales director to grow its business, which provides investment management and advisory services to endowments and foundations in addition to pensions funds, insurance companies, sovereign and government funds.
The foundation has hired a new ceo and v.p. for advancement to lead all aspects of the organization, including managing the endowment, generating philanthropic support and providing engagement opportunities for alumni.
The alternative credit team additions reinforce the firm’s commitment to providing institutional and high-net-worth investors with an increasing number of differentiated alternative investment offerings.
A U.S. representative in the South has reintroduced legislation to institute an excise tax on the endowments of 11 U.S. universities to 6% from the current 1.4%.