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March 24, 2008

More Women Take Top Financial Roles at Nonprofit Endowments

Women now manage 10 of the 50 largest endowments and foundations in the country, reports The New York Times.

The number of women in top roles is greater than in the for-profit world, says the newspaper.

Women in the top jobs oversee more than $60-billion at organizations including the Ford Foundation and Carnegie Corporation, the paper reports. Some women seek such positions because of the mission of the organization, while others find the flexible schedules appealing.

Susan E. Manske, who says she loves investing, left Boeing’s pension fund for the top spot at the $6.5-billion MacArthur Foundation. “This married my interest with working in a culture of philanthropy,” Ms. Manske tells the Times.

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