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.
Foundations saw their average annual returns land in positive double-digit territory for the second consecutive year as community foundations outperformed private foundations when compared with their peer size group for the second year in a row, a new study found.
The firm has hired a head of investment management to lead the development of its first centralized investment management platform for individuals, foundations and family offices.
The university has elected a new chair of its board of trustees after its former chair, the co-founder of an investment manager, retired after 11 years of service, including four as chair.
The two firms, which will keep their names, will merge to expand their national presence and strengthen their position with ultra-high-net-worth individuals, families and institutions, including foundations and endowments.