Endowment

Northern Trust Universe Data: Solid Gains for Institutional Plans in Q1 as Global Equity Markets Surge

Retrieved on: 
Thursday, May 2, 2024
Personal Finance, Finance, Banking, Professional Services, Asset Management, Universe, ERISA, St. Jude Championship, St Jude's GAA, Endowment, Government, Risk, Security (finance)

The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 3.7% for the quarter ending March 31, 2024.

Key Points: 
  • The median return for institutional asset owners included in the Northern Trust All Funds Over $100 million plan universe was 3.7% for the quarter ending March 31, 2024.
  • The Northern Trust Universe tracks the performance of 405 large U.S. institutional investment plans, with a combined asset value of more than $1.4 trillion, which subscribe to performance measurement services as part of Northern Trust's asset servicing offerings.
  • The Northern Trust Foundation and Endowment (F&E) universe produced a 3.9% median return while the Northern Trust Public Funds universe median return was up 3.5% and the Northern Trust Corporate (ERISA) universe median return was up 1.2% for the quarter.
  • Public Funds universe median returns for the one-, three- and five-year periods stood at 10.4%, 4.6% and 7.5%, respectively.

Leading Impact Investors and Philanthropists Convene for Mission Investors Exchange 2024 National Conference in Los Angeles in May

Retrieved on: 
Monday, April 22, 2024
National Conference, Incubator, Investment, Roc Nation, Health, City, Endowment, Conference, Doris Duke, Silicon, W. K. Kellogg Foundation, McKnight Foundation, MacArthur Foundation, Ariel Investments, Silicon Valley Community Foundation, California Community Foundation, Financial services

Los Angeles, April 22, 2024 (GLOBE NEWSWIRE) -- The Mission Investors Exchange 2024 National Conference will bring more than 750 philanthropy and impact investing leaders from across the country to downtown Los Angeles from May 7-9, 2024.

Key Points: 
  • Los Angeles, April 22, 2024 (GLOBE NEWSWIRE) -- The Mission Investors Exchange 2024 National Conference will bring more than 750 philanthropy and impact investing leaders from across the country to downtown Los Angeles from May 7-9, 2024.
  • Held for the first time in Los Angeles, the biennial event focuses on investing in social and environmental change at a time when the field of impact investing is growing rapidly.
  • Hosted by Mission Investors Exchange (MIE) – the leading impact investing network for foundations, philanthropic asset owners, and their partners – the conference will explore innovative best practices and facilitate new collaborations and strategies to build a more equitable and sustainable future.
  • “As we collectively push for social and environmental change, there has never been a more crucial moment to bring together the leading impact investors and philanthropists into one city,” said Matt Onek, president and CEO of MIE.

Creating a Legacy: Regions Bank Launches Philanthropic Solutions Group to Help Charitable Organizations and Individuals Grow

Retrieved on: 
Monday, April 15, 2024
Consulting, Banking, Personal Finance, Professional Services, Philanthropy, Other Philanthropy, Asset Management, Other Professional Services, Fund Raising, Foundation, Finance, Marketing, Wealth management, Consultant, Regions Financial Corporation, Bank, Endowment, Region, Trust, Multimedia, Louisiana State University, Management

View the full release here: https://www.businesswire.com/news/home/20240415511135/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240415511135/en/
    Regions Bank is launching a Philanthropic Solutions group, a team of advisors in the bank’s Wealth Management division who will provide support for clients’ asset management, mission, and charitable giving priorities.
  • That, in turn, can deepen clients’ charitable missions and leave a strong legacy.”
    Marcie Braswell will lead the Philanthropic Solutions group.
  • “The work of nonprofit organizations, charitable foundations, and the individuals, families and companies who support them never stops,” Braswell said.
  • Through our Philanthropic Solutions group, we can deliver more customized advice and guidance to clients in ways that impact people and communities for generations.

AJ Treais Promoted to Research Analyst at Aristotle Capital Boston

Retrieved on: 
Thursday, April 11, 2024
Asset Management, Professional Services, Finance, University, Analyst, Research, Endowment, CFA, Multimedia

Aristotle Capital Boston, LLC (“Aristotle Boston”) today announced that Andrew (AJ) Treais, CFA, has been promoted to Research Analyst reporting to Jack McPherson, CFA, President, Portfolio Manager of Aristotle Boston.

Key Points: 
  • Aristotle Capital Boston, LLC (“Aristotle Boston”) today announced that Andrew (AJ) Treais, CFA, has been promoted to Research Analyst reporting to Jack McPherson, CFA, President, Portfolio Manager of Aristotle Boston.
  • In this new role, Mr. Treais will focus on investment research, including research of prospective companies, conduct sell reviews of current portfolio companies, and generate and assess characteristics of the portfolios and underlying holdings.
  • View the full release here: https://www.businesswire.com/news/home/20240411588359/en/
    AJ Treais Promoted to Research Analyst at Aristotle Capital Boston (Photo: Business Wire)
    “We are excited to continue to see AJ grow and thrive with our firm as a research team member,” said Mr. McPherson.
  • Previously, he served as a Product Specialist at affiliate Aristotle Capital Management for two years.

American Council of Learned Societies Announces 2024 Luce/ACLS Program in China Studies Fellows and Grantees

Retrieved on: 
Friday, April 26, 2024
American Council, Democracy, Doctor of Philosophy, Sociology, Learned society, Humanities, Endowment, Research, Social, History, Literature, ACLS, Society, Field, Anthropology, Multimedia, Education minister, Archive, NEH, Travel, Social justice, Organization, Knowledge, Management

NEW YORK, April 26, 2024 /PRNewswire/ -- The American Council of Learned Societies (ACLS) is pleased to announce the 2024 Luce/ACLS Early Career Fellows and Travel Grantees in China Studies.

Key Points: 
  • Fellowships and Grants Totaling $475,000 Support Research, Writing, and Travel for Early-Career Scholars and Graduate Students in the Field of China Studies
    NEW YORK, April 26, 2024 /PRNewswire/ -- The American Council of Learned Societies (ACLS) is pleased to announce the 2024 Luce/ACLS Early Career Fellows and Travel Grantees in China Studies.
  • In 2024, the program will support 25 fellows and grantees representing a diverse range of institutions and disciplines, including anthropology, film and media studies, gender and sexuality studies, history, literature, and sociology.
  • Fourteen Luce/ACLS Early Career Fellowships in China Studies support emerging scholars whose research focuses on China's societies, histories, cultures, geopolitics, art, and global impact.
  • Formed a century ago, the American Council of Learned Societies (ACLS) is a nonprofit federation of 80 scholarly organizations.

$10 million Canadian Artists in Venice Endowment Closed

Retrieved on: 
Wednesday, April 3, 2024
Endowment, Chair, Longevity, Patronage, National Gallery, NGC, Canadian Pavilion, Venice Biennale, Ecosystem, National Gallery of Canada

OTTAWA, ON, April 3, 2024 /CNW/ - The National Gallery of Canada Foundation announced today the successful closure of its $10-million Canadian Artists in Venice Endowment.

Key Points: 
  • OTTAWA, ON, April 3, 2024 /CNW/ - The National Gallery of Canada Foundation announced today the successful closure of its $10-million Canadian Artists in Venice Endowment.
  • The Canadian Artists in Venice Endowment was launched in 2015 with a mission to serve as a future-focused financial model in support of artists representing Canada at the career-defining Biennale.
  • Yearly investment income from the Endowment provides sustainable funding in perpetuity for Canada's artists exhibiting their work at the Canada Pavilion in Venice.
  • The National Gallery of Canada Foundation began fundraising for the Canadian Artists in Venice Endowment in 2015, and just shy of a decade later, the Endowment Patrons have generously empowered Canadian artists in perpetuity at the Biennale through the establishment of a self-sustaining financial model.

BRENDA SOLÓRZANO NAMED PRESIDENT/CEO OF THE CALIFORNIA ENDOWMENT

Retrieved on: 
Friday, March 22, 2024
Endowment, Health equity, Partnership, History, University, Whittier Law School, TCE, River source, Blood

Solórzano is a familiar face to The California Endowment, having begun her career in health philanthropy at the foundation in 2001.

Key Points: 
  • Solórzano is a familiar face to The California Endowment, having begun her career in health philanthropy at the foundation in 2001.
  • "The California Endowment is where I learned the value of centering community in philanthropic work, and it is something I have carried throughout my career," said Solórzano.
  • "Brenda Solórzano exemplifies what TCE stands for and is working to build an inclusive California where everyone belongs.
  • Benda Solórzano will take over the reins at The California Endowment in early September 2024.

The Duke Endowment Celebrates a Century of Philanthropy to the Carolinas and Announces $175 Million in Higher Education Grants

Retrieved on: 
Thursday, January 18, 2024
Student, Learning, Employment, Endowment, The Duke Endowment, Health, Duke, Knowledge, Partnership, Trust, School, Faculty, University, Mentorship, Trustee, Duke University, Johnson C. Smith University, Black Ivy League, Davidson College, Furman University, Black, Education, Tutoring

Today, the Endowment also announces centennial gifts totaling $175 million to the four higher education institutions named in Mr. Duke’s Indenture of Trust – Davidson College, Duke University, Furman University and Johnson C. Smith University.

Key Points: 
  • Today, the Endowment also announces centennial gifts totaling $175 million to the four higher education institutions named in Mr. Duke’s Indenture of Trust – Davidson College, Duke University, Furman University and Johnson C. Smith University.
  • These gifts include individual $25 million grants to Davidson, Furman and Johnson C. Smith University.
  • An announcement of a centennial gift of $100 million to Duke was shared on November 30, 2023.
  • “We are excited to launch our centennial year and celebrate the lasting legacy of James B. Duke and the Duke family.

Announcing ClimateGPT: The First Open Source Foundational AI Platform Dedicated to Addressing the Impact of Climate Change

Retrieved on: 
Friday, January 19, 2024
Hugging Face, Climate change, Human, Research, AI, Endowment, Uncertainty, ECI

ClimateGPT is an ensemble of open source large language AI models designed to augment human decisions and address the complex and fast-moving impact of climate change.

Key Points: 
  • ClimateGPT is an ensemble of open source large language AI models designed to augment human decisions and address the complex and fast-moving impact of climate change.
  • MCLEAN, Va., Jan. 19, 2024 /PRNewswire/ -- The Endowment for Climate Intelligence (ECI) is excited to announce the release of ClimateGPT, the first open source ensemble of AI models dedicated to addressing the fast-moving impact of climate change.
  • ClimateGPT seeks to drive resilient climate action for researchers, policymakers, and business leaders, to make informed decisions in this climate of uncertainty.
  • The breakthrough underscores the ECI's commitment to the open science and open source AI communities, heralding a significant step toward responsible AI development.

Institutional Investors’ Enthusiasm Grows for Innovative Private Equity Fund

Retrieved on: 
Tuesday, January 9, 2024
Endowment, Investment, Private equity fund, British Virgin Islands, Private equity, Insurance, Fund, Environment, COVID-19, Equity, Capital, Family, GDP, Security (finance)

Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.

Key Points: 
  • Private Equity and other investment sectors find themselves navigating an exceptionally challenging and unpredictable landscape.
  • Introducing GDP Capital's PE-BOND Fund LP, one of Private Equity's latest offerings poised to make waves on the international stage.
  • Here's why it stands out:
    A Private Equity structure fortified with the security of a bond.
  • This unique investment Fund, set to launch in January 2024, is spearheaded by GDP Capital Limited, a Private Equity Fund Manager incorporated in the British Virgin Islands (BVI) and regulated by the BVI Financial Services Commission (BVI FSC).