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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Think You Missed the Boat on Roth Conversion?

Tara Thompson Popernik (pictured) and Paul Robertson

Not likely. As long as you don’t expect to spend down all of your IRA assets, our research suggests that converting your traditional IRA to a Roth IRA can save you plenty on taxes. Conversion would have saved you even more before the American Taxpayer Relief Act (ATRA) took effect in January, but that’s water under the bridge now.

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