Choosing an investment manager – Who will handle your endowments?
Abstract: A nonprofit with substantial endowments likely needs an investment manager — especially if that expertise doesn’t exist in-house and if the organization relies on endowments as a steady income stream. This article offers some suggestions for selecting the right professional. It looks at such issues as candidate background, compensation structure, and questions to ask. A sidebar shows how nonprofits with significant investments are taking steps to reduce volatility in their portfolios.