Top 30 Chief Investment Officers At Foundations
Driven by charitable generosity and a philanthropist's vision of an ideal world, foundations are the backbone of social change. They spend billions on tackling social issues from the common (universal education, reducing poverty, immigrant rights) to the outright daunting (world peace). To continue the fight, foundations rely on investment teams to grow the institution's capital, without inbound cashflow and despite any adverse market conditions. Presenting Trusted Insight's ranked list of the Top 30 Chief Investment Officers At Foundations. Hear from top foundation chief investment officers at Trusted Insight Alpha Conference 2017.
Mr. Joel R. Wittenberg has been chief investment officer and vice president at W.K. Kellogg Foundation since September 2009. Mr. Wittenberg served as vice president and treasurer of Kellogg Co. since October 2001 and served as its executive officer of investor relations since August 22, 2007. Mr. Wittenberg joined Kellogg Co. in September 2000 as assistant treasurer, with more than 15 years experience in global treasury, financial and commodity risk management, and pension functions.
Edward Grefenstette serves as the president, chief executive officer and chief investment officer of the Dietrich Foundation. Prior to joining the Dietrich Charitable Trusts in April 2010 (now the Dietrich Foundation), he served as treasurer and chief investment officer of Carnegie Mellon University in Pittsburgh. He earned his BA in Economics with honors from Georgetown University, a JD with honors from Georgetown University Law Center, and an MBA in Finance and Strategy with honors from Carnegie Mellon University.
Denise Strack oversees investments for the Gordon and Betty Moore Foundation. Before assuming the chief investment officer position in 2008, Denise was the director of private equity and real assets for the foundation. Previously, she served as director of private equity at Stanford Management Company, where she oversaw investments in private and long-biased public equity relationships and was an engagement manager at McKinsey & Company in its private equity and financial services practices.
As vice president and chief investment officer of the J. Paul Getty Trust, Mr. Williams is responsible for a $6.5 billion endowment which underwrites the Trust’s art museum, acquisitions, grants and art conservation activities. Previously, he served as president of Harbor Capital Advisors and the Harbor Mutual Funds. He also spent nearly thirty years with Ford Motor Company, most recently managing the company’s pension plan. Mr. Williams serves on the board of SEI Mutual Funds. He holds a BS in engineering from the University of Michigan and earned an MBA in finance from the University of Chicago.
Eric Doppstadt is vice president and chief investment officer of the Ford Foundation. He is responsible for managing the foundation’s investment portfolio. Eric joined Ford in 1989 as resident counsel, working closely with the investment team. He held the position for six years, before assuming senior positions managing the foundation’s alternative investment portfolio over the next 15 years. From 2000 to 2009, he was director of private equity investments, managing the foundation’s investments in private equity, venture capital, growth equity, distressed investments, and hedge funds. He was appointed to his current post in 2009.
Rosalind Hewsenian serves as the Helmsley Charitable Trust’s chief investment officer. In this position, she is responsible for the strategic direction of the Trust’s investment program and its implementation. She joined the Trust in 2010 as the deputy chief investment officer.
As co-chief investment officer, Kim Y. Lew is responsible for the investment management and oversight of the Corporation’s endowment. Prior to joining the Corporation, Ms. Lew spent seven years as senior manager of private equity for the Ford Foundation. In this role, she was responsible for managing the foundation’s investments in venture capital and buyout funds. Additionally, she managed the distribution portfolio and explored new areas of alternative investing.
As co-chief investment officer, Meredith Jenkins is responsible for the investment management and oversight of the Corporation’s endowment. Ms. Jenkins joined the Corporation in 1999 as its first investment associate. She was an integral part of the build-out of the Corporation’s investment capability under its first chief investment officer. She was promoted to senior investment associate, in August 2000, and then to director of private equity, in August 2004. Most recently, after moving to Hong Kong in 2007, she served as the Corporation’s special representative.
Jay Flaherty joined the Mott Foundation’s Michigan-based investment office in Troy in 2007 as an investment manager. He subsequently was named assistant vice president in March 2012, continuing to focus on hedge funds and private equity investments in that position.
Greg Williamson is the chief investment officer at American Red Cross. He joined the foundation in May 2015. Previously, Williamson was the chief investment officer at BP America.
Joseph Boateng joined Casey Family Programs in January 2007. He advises the Board of Trustees as it carries out its responsibility for the investment of foundation assets. Before joining Casey Family Programs, he was a member of the Johnson & Johnson Investment Committee, responsible for managing over $17 billion in employee benefit assets worldwide.
Landis Zimmerman joined HHMI as vice president and chief investment officer in 2004. He is responsible for investing the Institute’s endowment. Zimmerman graduated from the University of Pennsylvania with a BS in economics, and received his MBA from Penn’s Wharton School.
Danny Truell joined the Wellcome Trust in 2005, having previously been a managing director of Goldman Sachs and Co. in its investment management division. Prior to joining Goldman Sachs in 1996, Danny's career was focused on Asian financial markets.
Ana Marshall, CFA, brings 29 years of investment experience to her role of Vice President and Chief Investment Officer for the William and Flora Hewlett Foundation. She is responsible for asset allocation and strategic investment policy recommendation and implementation of the nearly $9 billion endowment portfolio. She joinied the Foundation in 2004.
Susan E. Manske is vice president and chief investment officer of the MacArthur Foundation. In this position, Manske is responsible for the management of the Foundation's $6.4 billion endowment and is a member of the senior management team that advises the President on strategic and policy matters.
Gerald McNamara is chief investment officer and director for The JPB Foundation, a national philanthropy focusing on poverty, medical research, and the environment. Prior to joining JPB in January 2012, he was a managing director of Goldman Sachs & Co. in their Private Wealth Management Division. He joined Goldman Sachs in 1980. Gerry earned a BA in Economics from Williams College in 1977. He received an MBA from Harvard Business School in 1980.
As chief investment officer, MaDoe Htun is responsible for managing the Penn Foundation's assets. Prior to joining the Foundation, she served as the chief investment officer of the Xerox Worldwide Pension and Savings Plan assets. MaDoe holds a J.D. from the George Washington University, an M.B.A. from the University of Chicago and a B.A. with honors from Smith College. She is a Chartered Financial Analyst, Chartered Alternative Investment Analyst, a member of the bar in Illinois and Washington, DC and a registered patent attorney.
John Moehling joined the Packard Foundation as its first chief investment officer in November 2007. Prior to coming to the Foundation, John was director of hedge funds and fixed income at the University of Chicago Office of Investments, which manages the $6.2 billion university endowment. Before that he served as managing director and head of Fixed Income at Duff & Phelps Investment Management.
Jane Patterson is the chief investment officer at the Joyce Foundation where she oversees the investment program for endowment assets of $950 million. Before joining the Foundation in 2003, Jane served as executive director of the Illinois State Board of Investment where she directed the investment portfolios for three Illinois public retirement systems. Jane earned a B.A. summa cum laude in economics from Kenyon College and an M.B.A. from the University of Chicago Booth School of Business.
Mary McLean is chief investment officer for the Ewing Marion Kauffman Foundation. She leads the team that oversees the Kauffman Foundation's globally diversified $1.8 billion portfolio. McLean's affiliation with the Kauffman Foundation dates back to 1996. Before being named CIO, she served as managing director of investments. She was introduced to endowment investing in the mid-1990s as a senior associate with the Yale University Investments Office. McLean earned a bachelor's degree in mathematics at Brown University, a master's of business administration from Yale School of Management, and a doctorate in financial economics from Yale University Graduate School. She is a CFA charter holder.
Jeffrey Heil is the chief investment officer for the Doris Duke Charitable Foundation. The investment team at the foundation manages a $1.8 billion portfolio, investing in all asset classes. Prior to joining the foundation in 2003, Heil was co-head of investments at the University of California, where he actively managed equity holdings in three portfolios with $25 billion in total assets as well as oversaw an additional $15 billion in externally managed funds. Heil earned a Bachelor of Arts in government, summa cum laude, from Ohio University. At New York University’s Stern School of Business, he was awarded the Marcus Nadler Fellowship and received a Master of Business Administration in finance.
Ed Kolano joined The Heinz Endowments in July 2013. As the chief investment officer, he is responsible for overseeing, at the direction of the Investment Committee, all investments and investment managers of the Endowments. Ed is a certified public accountant in the state of Pennsylvania. He received his bachelor’s in accounting in 1984 and his Master of Business Administration, concentrating in finance, in 1990, both from Duquesne University.
John Jenks was appointed chief investment officer and treasurer for The James Irvine Foundation in July 2002. John directs the Foundation’s $2 billion endowment and develops its investment policy and strategy. Under his tenure, the Foundation adopted a new, long-term strategic asset allocation plan, significantly diversifying its portfolio and increasing its investments in alternative asset classes. Prior to joining Irvine, he served as chief investment officer for the state of Alaska, guiding a $20 billion investment portfolio, including the Public Employees’ Retirement System, the Teachers’ Retirement System, the Children’s Trust, and the State General Fund.
Rob D. Nagel has managed the foundation's investment portfolio since 1988 with responsibility for all investment matters including asset allocation, risk management, and the selection and monitoring of investment managers. Nagel received an M.B.A. in finance and international business from the University of Maryland in College Park, Maryland, while working as a senior accountant at the Brookings Institution in Washington, D.C. He attended Allegheny College in Meadville, Pennsylvania, where he was an Alden Scholar, and earned a B.A. cum laude in political science and international relations from Manhattanville College in Purchase, New York.
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