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1% Better Investment Performance – Implication for Charitable Giving
The Math is SimplePrivate foundations have $1 trillion in assets. An incremental 1% return on investment would yield an additional $10 billion....per year...every year.To put that in perspective, the additional $10 billion would equal the annual charitable support provided by 12 Ford Foundations, 36 Rockefellers, or 45 Carnegies - you get the picture. Better returns of just 1% … [Read more...] about 1% Better Investment Performance – Implication for Charitable Giving
Brad Pitt and Angelina Jolie’s Wedding Photos Plunge in Value
Although Angelina Jolie and Brad Pitt established their foundation several years before they got married in 2014, it was only in that year's tax form that an unusual item appeared on their list of assets (click here to see source document or page 23 for mobile devices). While this assets is merely described as "Wedding Photos", we made the intuitive leap that it's photos of … [Read more...] about Brad Pitt and Angelina Jolie’s Wedding Photos Plunge in Value
Who Does Seth Klarman Invest With?
A Peek Inside the Portfolio of an Investment Giant Seth Klarman is one of the most successful investors of the past 50 years. His Baupost fund had racked up huge multi decade gains and is closed to new investors. There is a line around the block of people wanting to put their money into his hands. So who does he trust with his foundation's money? Have a look. … [Read more...] about Who Does Seth Klarman Invest With?
A Bigger Slice, Why Not a Bigger Pie?
Asset Growth Drives Giving Growth
As Go Assets, So Go Disbursements Intuitively, it makes perfect sense that foundations' disbursements are a function of their asset levels. After all, the the 5% mandated payout ratio ties disbursements to assets. Despite this fundamental relationship, we believe that attention to foundation's assets are too often overlooked, as new contributions and highly publicized … [Read more...] about Asset Growth Drives Giving Growth