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.