Managing Risk: Board Oversight of Foundation Investments

Posted on August 4, 2010 by Karen Green, Andras Kosaras

In the post-Madoff era, the foundation and nonprofit sector continues to struggle with how to invest philanthropic assets most appropriately, and how to ensure that boards and staff are managing investments prudently. This new edition of Passages, authored by two leading experts on the roles and responsibilities of foundation boards, examines the critical role of governance and how to develop… Read More

Investment Policy Statement (Lumpkin Family Foundation)

Posted on December 14, 2009 by Lumpkin Family Foundation

The Lumpkin Family Foundation, a not-for-profit corporation, (the Fund or the Foundation) was established in 1953. This statement of investment policy reflects the investment policy, objectives, and constraints applicable to The Lumpkin Family Foundation. The Foundation’s Board of Trustees (the Board) is responsible for managing the investment process of the Foundation in a prudent manner with regard to preserving principal… Read More

Rethinking the Management of Foundation Endowments

Posted on October 3, 2009 by John E. Craig Jr.

As the implications of the 2008–09 financial crisis for the world economy and markets have become clearer, many foundation executives and investment committees are reassessing their approach to endowment management. This essay reports on the effects of the recent turmoil on foundation endowments thus far, and offers lessons from the crisis and earlier ones that could help boards and investment… Read More

Managing Risk: Board Responsibilities for Prudent Investment and Governance

Posted on June 11, 2009 by Andras Kosaras

The Madoff scandal has caused the failure of well respected family foundations and raised the specter of penalties for board members’ inattentiveness to investment matters. Is your board doing all it should to be fiscally responsible? In this timely teleconference, learn about the board’s role and fiduciary duties in prudent investing, and hear about IRS’ new scrutiny of our sister… Read More

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