Foundation endowments: Why smart people make dumb choices
America’s foundations spend many millions of dollars every year on investment advice. What do they get in return? Bubkes.* You read that right: Money that could be spent on charitable programs — to...
View ArticleFoundation endowments: The news is not good
We’re gradually learning more about the investment performance of foundation endowments. The news is not good. The Chronicle of Philanthropy yesterday published my story about foundation endowments....
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