Business Commons^™

The Philanthropy As One Big Impact Investment: A Framework For Evaluating A Foundation’S Blended Performance, Rohit T. Aggarwala, Claudine A. Frasch

The Foundation Review

While some foundations have put their entire focus on impact investing, philanthropy still lacks the tools that enable such investments to be made with the same rigor as the best financial investments and philanthropic grants. This reveals a more fundamental problem: We do not currently manage foundations as the integrated portfolios that they are.

This article proposes a framework for evaluating a foundation’s blended performance that enables both grantmaking and endowment investing to be evaluated jointly, and thus also allows a complete evaluation of how impact investments could improve — or fail to improve — overall performance.

The article demonstrates …

Essays On Endowment Fund Management, Kurtay N. Ogunc

LSU Doctoral Dissertations

The debate around the perpetual nature of endowment funds from the perspective of current versus future obligations is a major problem that I would like to address in two ways: (i) a macro-level treatment of the simultaneous asset allocation and spending rate with subsistence levels (analogous to the habit formation concept); and (ii) a micro-level analysis of one part of the endowment portfolio with a particular emphasis on the currency hedging decision. The purpose of the third chapter is to illustrate the significance of joint determination of appropriate asset allocation and spending rate decisions, and to describe the behavior of …

A Study Of The Investment Policy Affecting The Colorado College Endowment Fund, 1917-60, William E. Barton

Anderson School of Management Theses & Dissertations

In El Paso County, Territory of Colorado, a charter was filed on February 17, 1874, creating a corporation called "The Colorado College." The charter stated that the object of the corporation was "to locate and maintain at Colorado Springs under Christian auspices an Institution of learning on the College or University Plan." Thus the Colorado College came into being.