Endowments and Foundations: Should a Windfall Change Your Investment Policy?

Brian Wodar and Ashley Velategui

Board members at Uptown Community Foundation (UCF) faced an enviable dilemma: what to do when an unexpected bequest boosted UCF’s capital from $10 million to $12.5 million. One board member welcomed the chance to reduce portfolio volatility by cutting the stock allocation. Another had the opposite view: with increased financial strength, why not take on greater equity exposure? (more…)

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Retirement Planning: When You Have to Compromise

Kathleen M. Fisher (pictured) and Tara Thompson Popernik

Sometimes things fall into place nicely, and you can chart your course to a comfortable retirement relatively easily. You choose a suitable asset allocation, using tax-deferred accounts to their best advantage and optimizing your Social Security payouts. But what if things don’t work out so well?


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