Replied Nov 17
We've done a lot of direct deals on the early-stage side, some funds on the later-stage side, and everything in between. Our initial idea, in 2012, was to plan for seed-stage venture to be 5% or 10... Show more
As a foundation investor, what kind of governance structures are you looking for in the companies in which you invest directly, and what kind of support are you able to offer them?
When underwriting any new investment manager we always evaluate the firm's governance structure and are specifically looking for a strong alignment of interests between management and investors. If... Show more
I agree with Ed and his first sentence. The key words are "as possible." Every foundation must overlay that private asset strategy growth with the liquidity needs for its particular mission. We are... Show more
How do your organization's guiding principles or mission statement affect diligence and selection of fund managers?
We focus on partnering with managers who have a strong moral compass. We look for partners who are curious, interested, and aligned with our mission and the programs we support. In many instances,... Show more
The Weinberg Foundation's mission supports various underprivileged and impoverished populations. An area of the investment program that ties into the Foundation's mission is our Diverse Manager pro... Show more
Replied Aug 11
Doris Duke was the daughter, only child of J.B. Duke. Anything that was named Duke was pretty much her father, Duke Energy, Duke University, The Duke Endowment, another big foundation down in the C... Show more
Replied Aug 06
The Dietrich Foundation is based in Pittsburgh, Pennsylvania, and was formed following the death of Bill Dietrich in 2011. Bill was a truly remarkable industrialist who ran Dietrich Industries, a s... Show more
Replied Jul 21
The Moore Foundation is a $7 billion foundation. The original grant was given by Gordon and Betty Moore, and Gordon was the founder of Intel. We've been around since 2001, so we are relatively youn... Show more