October 2, 2008
Endowment Managers Consider How to Handle Downturn
Some investment committees at charities and foundations plan to hold special meetings to assess their endowments' exposure to the most toxic stocks in the Wall Street crisis.
But so far, few nonprofit organiations and foundations are panicking and selling stocks to preserve capital.
"You have to have a decision framework before this stuff starts flying," says Jonathan Hirtle, chief executive of Hirtle Callaghan, which manages more than $12-billion for endowments, foundations,
This content is only for subscribers. You can gain access by purchasing a:
Print Subscription
Digital Subscription
Already have an account? Log In Now.
Get more great stories about the nonprofit world delivered to your inbox every weekday. 
