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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
Investment Performance, Asset Growth, and Grant Making
Four Numbers Big PictureInstinctively, we all know that there is an important long-term relationship between investment performance and grant making, but the interplay between donations, gains, losses, asset levels, and expenditures can appear complex and confusing, but at the very core, there are just four numbers to follow as seen in the accompanying box.Four Numbers to … [Read more...] about Investment Performance, Asset Growth, and Grant Making
The Most Important Number to Watch
Nonprofits want to know if they can count on continued financial support from foundations. While no one has a crystal ball to predict the future, we do have historical data that shows the high correlation over time between investment returns and giving. We also know that foundations' investment returns tend to track a portfolio blend of stocks and bonds which we can use as a … [Read more...] about The Most Important Number to Watch