Griswold expressed a similar sentiment by maintaining that when partnering with an outsourced CIO (OCIO), the institution should be sure to take an in-depth look at how the outside firm aligns with the institution’s mission, placing a value on ensuring harmonious cooperation between inside and outside management structures to aid in success. It is crucial that the endowment be able to provide the same level of resources for the next generation, Stambaugh asserted – not only in financial ways, but in engaging with students and introducing opportunities for programs and internships as add-ons to the return. There are important questions to ask when considering the efficiency of an endowment management structure, said Fazio, including which structure would provide access to the best managers, which would offer collaborative advantages with the finance team or development office, and which would provide for the “nimbleness” required to react and invest appropriately.īut how do institutions appropriately evaluate the governance structure of the management of its endowment? And how do they measure the endowment’s success? Besides the obvious measuring of performance, endowment success is measured by “intergenerational equity,” said Stambaugh. The consensus among the panel members was that the structure and management of the endowment should regularly come under review and reflection. The session kicked off with a discussion about the factors involved in evaluating endowment structures and selecting the best parties for responsible management of that endowment. During the session, moderators encouraged discussion of endowment management strategies, the critical components to managing those strategies effectively, and the pros and cons of the various management options. The discussion was led by panelists Kari Fazio, Chief Financial and Administrative Officer for Bryn Mawr College John Griswold, Senior Consultant for AGB Consulting and Michael Stambaugh, Chief Investment Officer of the Carnegie Institution for Science. This was the third event in this recently launched series, Leadership Connections in Higher Education.

Margaret “Peggy” Plympton, in partnership with Jane Bierwirth, Co-Head of Asset Management for RSR Partners, hosted The Higher Education Investment Office: Strategy and Leadership, a virtual breakfast session held to discuss strategy and leadership in the higher education investment sector.

Kari a fazio bryn mawr college address