University of Toronto ending aggressive investment strategy
The University of Toronto is ending strategy of aggressive U.S.-style investing after a decade of disappointing returns and a $1.5 billion loss that cost the school nearly 30 per cent its pension and endowment funds in a single year, The Globe and Mail reported Feb. 22 (see university investment story).
Annie E. Casey Foundation names new president
The Annie E. Casey Foundation, which focuses on at-risk children and families, named Patrick T. McCarthy, a 16-year veteran of the organization who has served as senior vice president, to be its as its new president and chief executive officer, effecitve April 4, succeeding Douglas W. Nelson, who is retiring after 20 years of leadership, The Baltimore Sun reported Feb. 21 (see Annie E. Casey Foundation story).
Mount Vernon gets $38 million gift for new library
Mount Vernon, George Washington’s historic estate, received a $38 million gift from the Donald W. Reynolds Foundation in Las Vegas to build a research library on its grounds, The Washington Post reported Feb. 26 (see Mount Vernon gift story).
Step up athletics fundraising, University of New Hampshire report says
An internal report at the University of New Hampshire says the school should stop treating athletics as a sideline, invest more money in the program, strengthen private fundraising efforts, and improve or replace aging sports facilities,The Boston Globe reported Feb. 19 (see university athletics fundraising story).