Many people are astonished to find out that Chicago has a huge Latinx population, given that it’s far from the southern border and the weather is, well, a bit different than that of Mexico. Brown in the Windy City: Mexicans and Puerto Ricans in Postwar Chicago (Historical Studies of Urban America) by Lilia Fernandez is an… [Read More]
Blog
Category: Nonprofit and Endowment Management
On philanthropy in the US economy
Although the founders of the United States didn’t exactly represent a clean break with the past, they did bring several new aspects to the economy. One was the role of individual philanthropy, which is unique in this country. Historical perspective For much of human history, religious organizations or feudal lords handled charitable works. Most of… [Read More]
Cutting Inequality by Cutting (Some) College Giving
Harvard got a new president, Lawrence Bacow, on July 1, arriving as we are grapple with inequality as a nation. In the June issue of The Atlantic, Matthew Stewart wrote about the new aristocracy. They aren’t the plutocrats who control 0.1% of American wealth, but rather the aristocrats who control the next 9.9%. That would… [Read More]
Strategic Planning: Getting Back to Basics
My work on strategic planning brought me to this Harvard compilation, HBR’s 10 Must Reads on Strategy. It’s nice to have an easy read, to jog my memory of all the basics of strategy that I have learned over the years. The first chapter is “What is Strategy”, an introduction by Michael Porter, who wrote… [Read More]
How can women break into investment management?
How can women break into investment management? It’s a tough question, because sadly, even at this late date, sexism persists in the investment industry. At the same time, job openings are becoming scarce because of the increased share of assets allocated to passive strategies. The move to passive will go away at some point. In the meantime,… [Read More]
