S5E34 | Harvard & History of America's University Endowments

Can Harvard use its huge endowment to make up for the federal funds frozen by Pres. Trump?

🚩In this interview:

►What are university endowments?

►How are endowments different than grants, federal funds and other monies that come into universities?

►How do universities perpetuate their endowments?

►What rules and regulations govern endowments?

►When did American universities first receive private monies?

►When did American universities create endowments with legal structures and complex financial plans and dedicated departments to manage them?

🚩About My 178th Guest Scholar:

Ms. Cathleen Rittereiser is a highly recognized authority on the Endowment Investment Model. She is the co-author of the following books:

• "Foundation and Endowment Investing", which we discuss in this interview, and
• "Top Hedge Fund Investors"

Most recently, Ms. Rittereiser served as the Executive Director of the Commonfund Institute, a thought leadership service for investment fiduciaries, where she educated trustees and investment committee members about endowment management best practices. She also founded Uncorrelated, LLC, a conference and thought leadership publishing platform for endowment, foundation, and pension investment officers. Uncorrelated published three papers: The Portfolio Whiteboard Project, The Investment LAB, the Energy Revolution, DoDiligence™ - Reinventing the Due Diligence Process.

Ms. Rittereiser has educated nonprofit fiduciaries on the endowment model, governance, and alternatives at numerous industry conferences including AGB, NACUBO, Council on Foundations, NBOA, SALT, Global ARC, AIMA, CAIA, JFNA, Institutional Investor and The Investment Institute. Earlier in her career, she held investor relations and marketing roles with leading financial services firms and hedge fund complexes and began her career in the Merrill Lynch Corporate Intern Program. She received an A.B. from Franklin & Marshall College and an M.B.A. from NYU Stern School of Business.

🚩Adel Aali

host & producer

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