A foundation based in a Western state will lease its steam plant and utility system as part of a public-private partnership and invest a sizeable portion of the deal’s proceeds.
A lawsuit against a Western university foundation alleging a breach of fiduciary duty for underperforming the Standard & Poor’s 500 Index fund for a decade was “dismissed with prejudice” late last month.
Two Midwestern foundations have partnered with a financial technology firm to survey and assess the racial and gender diversity makeup of the U.S. asset management firms that invest their assets.