For foundations and endowments to be successful, they must be managed, sustained, and grown over the long term. However, long-term planning can be challenging, especially during periods of volatility and uncertainty. In this conversation, Richard Rooney and David Macdonald discuss how to successfully navigate today’s foundation and endowment landscape.

Key Points:

  • Disbursement policies and ensuring stable payouts
  • Asset allocation in the short, medium, and long term
  • The use of special funds for specific purposes
  • Structuring an investment committee
  • Approaches to fundraising


For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.
The Q&A period can be found within the transcript only.


Richard Rooney

Richard Rooney, CFA, FCPA

Panelist

Vice Chair and Co-Founder,

Burgundy Asset Management

David Macdonald

David Macdonald

Panelist

Co-Founder and Managing Partner,

Glencoban Capital Management

Kimberly Nemeth

Kimberly Nemeth, CFA

Host

Institutional Relationship Manager,

Burgundy Asset Management


 

This post is presented for illustrative and discussion purposes only. It is not intended to provide investment advice and does not consider unique objectives, constraints or financial needs. Under no circumstances does this post suggest that you should time the market in any way or make investment decisions based on the content. Select securities may be used as examples to illustrate Burgundy’s investment philosophy. Burgundy funds or portfolios may or may not hold such securities for the whole demonstrated period. Investors are advised that their investments are not guaranteed, their values change frequently and past performance may not be repeated. This post is not intended as an offer to invest in any investment strategy presented by Burgundy. The information contained in this post is the opinion of Burgundy Asset Management and/or its employees as of the date of the post and is subject to change without notice. Please refer to the Legal section of this website for additional information.

Richard Rooney, OOnt, CFA, FCPA
About the Author
Richard Rooney, OOnt, CFA, FCPA
After many years of education and practice in the investment management field, Richard read some essays by Warren Buffett and was smitten. Here was someone who actually carried out Einstein’s instruction that things should be as simple as possible but no simpler! Trying to apply this simple and sensible approach to investing, finding like-minded people to apply it globally, and writing about it and discussing it have been the best parts of his day job ever since.<br /> <br /> As Chief Investment Officer of Burgundy for over 20 years, Richard helped build an investment department that is supportive of thoughtful risk-taking, humble and dispassionate about acknowledging and learning from mistakes, and that bases its decisions on carefully marshalled evidence and strict valuation work.
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David Macdonald
About the Author
David Macdonald
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Kimberly Nemeth, CFA
About the Author
Kimberly Nemeth, CFA
Kimberly’s strong work ethic, inquisitive nature, and desire for continued learning have been the biggest drivers of her career. Having admired Burgundy for its culture of honesty, integrity, and putting clients first, Kimberly joined in 2017. As a Relationship Manager, she looks forward to serving her clients by understanding and meeting their challenges and developing a trusting relationship while consistently learning and growing in her role.
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