Top 30 Foundation Chief Investment Officers
Private foundations control vast fortunes that are strategically deployed to enact social influence over a long duration. Understanding the strategies and challenges of achieving fiscal security to further their charitable missions is key to this subset of institutional investors. In this list, Trusted Insight features 30 foundation chief investment officers who have demonstrated prowess in building and leading a lean investment team to produce healthy returns through a concentrated investment strategy.
Joel 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.
Brian O. Neil has been the chief investment officer at The Robert Wood Johnson Foundation since 2003, where he is responsible for management of the foundation’s $10.2 billion investment portfolio. Previously, he was the chief investment officer and held other positions at AXA Equitable for 21 years. O’Neil holds a bachelor's degree from Princeton University and an MBA from Columbia University. He is also a Chartered Financial Analyst.
Lauren Meserve is co-chief investment officer at The Metropolitan Museum of Art, where she began as investment officer in November 2002. Previously, Meserve held various investment positions at the Andrew W. Mellon Foundation and Yale University Investment Office. Meserve holds a B.A. in anthropology from Yale University and a M.A. in public and international affairs from Princeton University.
Suzanne Brenner is the senior vice president and co-chief investment officer of The Metropolitan Museum of Art, where she oversees the management of the Museum's $3 billion investment portfolio, including asset allocation, investment manager selection, and risk management. Brenner joined the Museum in 1999 as the associate treasurer and was promoted to chief investment officer in 2007. Prior to working at the Museum, she was the director of investments and assistant treasurer at The Rockefeller Foundation from 1996 to 1999, and worked as a consultant to several Louis Marx Jr. private equity companies from 1995 to 1996. She began her career at Ernst & Young, where she worked for 11 years. Brenner has a Bachelor of Music degree from the Aaron Copland School of Music at Queens College (where she was a classical pianist studying with Nadia Reisenberg), and a B.A. from the City University of New York at Queens College. She is also a Certified Public Accountant.
Robert J. Manilla is the vice president and chief investment officer at Kresge Foundation, a $3.6 billion private foundation based in Michigan. Prior to joining Kresge, Manilla held various positions at Chrysler Corp. over the span of 20 years. Manilla serves as a board member at multiple organizations, including Sustainable Insight Capital Management, The McGowan Charitable Fund, Boeing Corp., Trinity Health, The Detroit Institute of Arts and the Detroit Riverfront Conservancy. Manilla has a bachelor's degree in finance from Oakland University and an MBA from the University of Detroit.
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, while the foundation also holds three operating properties in Hillsborough, New Jersey; Newport, Rhode Island; and Honolulu, Hawaii, with an estimated market value of $200 million. 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. Before that, Heil was a vice president of equity management for Victory Capital in Cleveland, and a corporate finance consultant for McKinsey & Co. In New York, he was manager of the Investment Valuations Group at Arthur Andersen & Co. and started his career as a securities analyst at Arnold Bernhard and Company. Heil earned a B.A. in government, summa cum laude, from Ohio University and an MBA in finance from New York University's Stern School of Business.
Rob D. Nagel has been the chief investment officer and assistant treasurer at the Wallace Foundation since 1988. He is responsible for all investment matters including asset allocation, risk management, and the selection and monitoring of investment managers. Previously, Nagel was a senior financial analyst in makreting and a manager in corporate finance at the Reader's Digest Association, Inc. Nagel holds a bachelor's degree in political science and international relations from Manhattanville College. He also holds an MBA in finance and international business from the University of Maryland, while working as a senior account at the Brookings Institution in Washington, D.C.
Elizabeth Hewitt joined the Alfred P. Sloan Foundation in 2015 as chief investment officer and senior vice president. She is responsible for managing the foundation’s endowment, including asset allocation strategy, fund manager selection, risk analysis, portfolio performance evaluation and liquidity management. Prior to joining the Foundation, Hewitt was managing director of public investments at the Robert Wood Johnson Foundation. Earlier in her career, Hewitt was a senior vice president for Lazard Asset Management from 2001 to 2006, a hedge fund analyst for The Torrey Funds from 1999 to 2001 and a wealth management associate for the U.S. Trust Corporation from 1998 to 1999. She holds a B.A. and an M.A. both from the University of St. Andrews in Scotland. Hewitt is a member of the Board of Directors for The Madeira School, McLean Virginia, where she chairs the Investment Committee.
John Moehling joined the Packard Foundation as its first chief investment officer in November 2007. Previously, 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. Moehling holds a B.S. in electrical engineering from the University of Illinois and an MBA from the University of Chicago. He is a Chartered Financial Analyst.
Jim Martin has been the chief investment officer at M. J. Murdock Charitable Trust and owner of James R. Martin Consulting, Inc. Martin is responsible for leading the investment team in managing the Trust’s investment portfolio. He does so by making recommendations to the trustees based on his investment philosophy comprised of long-term strategy and building relationships with world-class investment managers. Prior to joining the trust in 1987, he was an audit partner at Deloitte. In 2010, he was named Small Foundation Manager of the Year by Institutional Investor. Martin holds a bachelor's degree from Eastern Washington University.
Kim Lew is the vice president and chief investment officer of Carnegie Corporation of New York. Lew is responsible for the investment management and oversight of the corporation’s endowment. Prior to joining the Carneigie, Lew spent seven years as senior manager of private equity for the Ford Foundation, where 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.
MaDoe Htun is the chief investment officer of William Penn Foundation. Previously, she served as the chief investment officer of the Xerox Worldwide Pension and Savings Plan assets. MaDoe began her career at Xerox, where she held various finance positions before joining the Xerox Trust Investment Group in 1996, and she also served as director of equity strategies for General Motors Asset Management. MaDoe holds a J.D. from the George Washington University. She received her MBA from the University of Chicago and also 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, D.C. and a registered patent attorney.
Frank Ahimaz has been the chief investment officer at Museum of Modern Art since 2008, after spending more than 15 years in Wall Street. His primary role was to analyze market dislocations and to manage MoMA’s portfolio. Prior to MoMa, he was director at Citigroup working in the retail and consumer sectors. Ahimaz is a co-founder at Dover Management, an asset alternative fund, where he was responsible for investing of the funds’ portfolio companies. He has also worked at Chemical Venture Partners, Merrill Lynch Global Private Equity, Goldman Sachs and Morgan Stanley in both private equity and investment banking. He is a member of the board of trustees for the Alvin Ailey Dance Foundation. Ahimaz holds a B.S. in aeronautical and astronautical engineering from the Massachusetts Institute of Technology and an MBA in finance from the University of Pennsylvania.
Susan Manske is the vice president and chief investment officer of the MacArthur Foundation. She is responsible for the management of the foundation's $6.4 billion endowment. Manske joined the MacArthur Foundation in May 2003 after serving as chief investment officer of trust investments at the Boeing Company for two years. Prior to Boeing , Manske spent 13 years with the Ameritech Corporation in Chicago. Earlier in her career she worked as a portfolio manager for the Ford Motor Company. She is a member of the Investment Board of United Way/Crusade of Mercy, and a board member of the Educational District 181 Foundation, which serves Hinsdale schools. Manske is a summa cum laude graduate of the University of Wisconsin, Milwaukee, with an MBA from Marquette University. She is also a Chartered Financial Analyst.
Eric Doppstadt is vice president and chief investment officer of the Ford Foundation. He is responsible for managing the foundation’s investment portfolio. Doppstadt joined the foundation 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. Doppstadt holds a bachelor's degree in social science from the University of Chicago; studied international economics at the Walsh School of Foreign Service at Georgetown University; and received a law degree from New York University School of Law, where he was articles editor of the New York University Annual Survey of American Law. He is a Chartered Financial Analyst.
Jane Patterson is the chief investment officer at the Joyce Foundation, where she oversees the foundation's investment program with endowment assets of $930 million. Prior to joining the foundation in 2003, she was the executive director of the Illinois State Board of Investment where she directed the investment portfolios for three Illinois public retirement systems. She has also managed pension plan investments at Sara Lee Corporation and CBS Inc, and was a director for Ambassador Apartments, Inc. Currently, Patterson serves on the executive committee and investment committee for the Metro Chicago YMCA. Patterson holds a bachelor's degree in economics, summa cum laude, from Kenyon College and an MBA from the University of Chicago's Booth School of Business.
Meredith Jenkins is the chief investment officer for Trinity Church Wall Street. She is responsible for the investment management and oversight of the church’s endowment and real estate holdings. Prior to joining Trinity, Jenkins was co-chief investment officer for Carnegie Corporation of New York. She joined the Corporation in 1999 as an investment associate. During her tenure, she helped build out the corporation’s investment function and served as the corporation’s special representative to Hong Kong focusing on investment opportunities in Asia from 2007 to 2011. Before joining Carnegie Corporation, Jenkins worked for Sanford C. Bernstein & Co. and Goldman Sachs. Jenkins holds a B.A. in English from the University of Virginia and an MBA from Harvard Business School.
Shawn Wischmeier is the chief investment officer at Margaret A. Cargill Philanthropies, a $9 billion private foundation based in Minnesota. He serves on the board of directors at Camp Fire Minnesota, a nonprofit focused on youth development. Prior to his role at Margaret A. Cargill Philanthropies, he was the chief investment officer of the North Carolina Retirement Systems and Indiana Public Employees' Retirement Fund. Wischmeier has a B.S. in chemical engineering from Rose-Hulman Institute of Technology and an MBA from Northwestern University -- Kellogg School of Management.
Rosalind Hewsenian is the chief investment officer of the Helmsley Charitable Trust. She joined the Trust in 2010 as the deputy chief investment officer. Previously, she was the CEO of Clay Finlay, a global equity firm with offices in New York, London and Hong Kong. Hewsenian has spent the majority of her career at Wilshire Associates in Santa Monica, California as senior investment consultant serving governmental pension funds. She also served on Wilshire’s Board of Directors as an equity principal of the firm. Hewsenian holds a B.S. from the State University of New York and an MBA from Pace University.
James M. Williams is the vice president and chief investment officer of the J. Paul Getty Trust since 2002. He is responsible for a $6.5 billion endowment which underwrites the Trust’s art museum, acquisitions, grants, library and art conservation activities. Previously, he was the president of Harbor Capital Advisors and of the Harbor Mutual Funds. Prior to that, he was a manager of the pension asset management department of Ford Motor Company. Williams holds a B.S. in engineering from the University of Michigan and an MBA in finance from the University of Chicago.
Ana Marshall is 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. Previously, she served as a Senior Portfolio Manager of global and emerging market equity portfolios at RCM Capital Management. Prior to RCM, Marshall worked as an analyst/portfolio manager of emerging market debt and equity portfolios at Bank of America. Marshall began her career in 1986 as a research analyst of high yielding assets, including corporate debt, distressed debt, and emerging market sovereign bonds. Marshall graduated Magna Cum Laude from University of San Diego in economics, and earned her Chartered Financial Analyst designation in 1989.
Kathleen Vogelsang is chief investment officer at Van Andel Institute. Previously, Vogelsang was vice president, senior portfolio manager at Fifth Third Bank and investment manager at JVA Enterprises, a single-family office. Vogelsang holds a BBA in finance and an MBA from Grand Valley State University. Vogelsang is a Chartered Financial Analyst.
May Ng is the vice president and chief investment officer at the Annie E. Casey Foundation. Previously, Ng served as the director of public market investments for the foundation, director at George Washington University Investment Office and director at United Way of America. Ng holds a B.A. in political science and economics from Williams College and an MPA from Princeton University.
Robert Thomas has been the chief investment officer at the George Kaiser Family Foundation since 2009, where is responsible for the foundation's financial administration and investment portfolio. Prior to the foundation, he was a portfolio manager for the Bill Gates Investment Office for 9 years. Currently, he is the board chair for City Year Tulsa and Undercroft Montessori School. Thomas holds a B.A. degree in economics, magna cum laude, from Claremont McKenna College. He is also a chartered financial analyst.
Michael Buchman is the vice president and co-chief investment officer at Conrad N. Hilton Foundation, where he manages the investment team and portfolio. Previosly, he worked in the areas of finance, real estate and law at Broadway Partners, Citigroup Global Investment Bank, and the law firms of Fried Frank Harris Shriver & Jacobson, and Skadden Arps Slate Meagher & Flom. Buchman holds a juris doctorate degree from the University of Pennsylvania Law School. He also has a bachelor's degree in economics and an MBA, both from the University of Pennsylvania -- Wharton School of Business.
Yatin Patel has been the vice president and co-chief investment officer at the Conrad N. Hilton Foundation since 2008, where he co-manages the foundation’s investment team and portfolio. Prior to the foundation, he was a senior manager in corporate development at Barclays and a mergers & acquisition analyst at Lazard. Patel holds a B.S. in business administration from the University of California and an MBA from the UCLA Anderson School of Management.
Amy Chen has been the first chief investment officer at the Smithsonian Institution, the world's largest museum and research complex, since 2006. She oversees the overall investment strategy and management of the institution's endowment which totals $1.4 billion. Prior to joining the Smithsonian Institution, she was the portfolio manager at the Doris Duke Charitable Foundation. Chen served on the Advisory Board of the New York State Common Retirement Fund and is a trustee at Oberlin College and the co-chair of the Investment Committee. Chen holds a bachelor's degree in government from Oberlin College and an MBA from Cornell University.
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