Salvation Army changes likely after $1.5 billion gift

Burr, Barry B.
February 2004
Pensions & Investments;2/9/2004, Vol. 32 Issue 3, p33
The estimated $1.5 billion gift from the Joan Kroc estate to the Salvation Army will increase the size of its four endowment funds by 30% to 45% and compel changes to asset allocation strategies and managers, officials said. The Salvation Army, based in Alexandria, Virginia, breaks out its endowment funds— currently totaling some $4 billion— into four territories. Territory officials expect the Kroc money won't be available before the end of June. Colonial Consulting Corp., New York, is investment consultant to all but the Western fund, which uses Wilshire Associates Inc., Santa Monica, California.


Related Articles

  • FOUNDATION for Retirement. O'Brien, Elizabeth // Financial Planning;Jul2008, Vol. 38 Issue 7, p60 

    The article describes how foundations and endowments can teach financial advisors strategies for constructing and maintaining retirement income portfolios. It states that asset allocation in retirement is one of the most efficient ways to meet long-term portfolio needs. It suggests that some...

  • Ethical finance has wide implications. Donnelly, Nicola // Third Sector;4/9/2008, p26 

    The author consider the debate about how socially responsible investing (SRI) should be incorporated in a charity's investment policy. She suggests that when avoiding sin stocks or negative screening, trustees should ask their managers how excluding these sectors would affect performance. She...

  • In pursuit of the perfect portfolio. Ford, Emily // Third Sector;4/20/2010, Issue 611, p22 

    The article discusses financial portfolio management for charities. It is stated that a portfolio should be under an investment policy stating the time horizon, desired return, acceptable risk levels and assets to exclude. Charities are reportedly exploring alternative asset classes such as...

  • New asset mix designed to build a firmer foundation. Williams, Terry // Pensions & Investments;11/1/1999, Vol. 27 Issue 22, p46 

    Reports on the changes in the asset mix of the investments of the Boston, Massachusetts-based Boston Foundation. Criteria in the selection of fund managers; Mandates for the chosen managers; Possibility that a stable of active managers will be able to beat stock market averages.

  • Moneymatrix.  // Money;Feb2007, Vol. 36 Issue 2, p24 

    The article presents advice for consumers who wish to reduce their financial risk when investing. The financial advantages and disadvantages associated with rebalancing a financial portfolio, joining an office betting pool, buying chocolates for a spouse or friend, and donating old clothing to...

  • A Survival Guide for Private Foundations and Endowments. Issar, Monica // Trusts & Estates;Dec2011, Vol. 150 Issue 12, p57 

    The article focuses on how volatility affects nonprofit organizations investment portfolios. Information is provided on how many endowments and nonprofits struggle to make distribution requirements and create a secure investment policy. The author discusses an enabling policy that allows...

  • Investment Commentary. Marosi, James // Grand Rapids Business Journal;2/28/2005, Vol. 23 Issue 9, p28 

    Focuses on ways to make effective use of investments. Information on portfolio diversification; Opportunities that can be gained in selling shares over a period of time; Benefits of estate planning and charitable remainder trusts to an investor.

  • Make time for your investment policy. Palmer, Paul // Third Sector;7/23/2008, p26 

    The author focuses on the importance for charities to plan their investment policy. He notes that charities tend to experience a funding crisis or a governance problem due to their lack of appropriate risk as well as investment policies. He stresses that trustees hold the sole responsibility of...

  • Good stock selection key to success for new fund. Appleby, Lucia // Money Management;6/3/2004, Vol. 18 Issue 19, p24 

    Examines the reasons for the improved performance of younger funds over older funds. Growth of the Portfolio Partners Elite Opportunities Fund and the Warakin Charitable Australian Equities Fund; Plan of Elite Opportunities to invest a concentrated portfolios of no more than 30 companies;...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics