FOR IMMEDIATE RELEASE Claudelle Géhy, MS, CFA, Named Director of Environmental, Social, and Governance (ESG) Research at Mason Investment Advisory Services Ms. Géhy promoted to newly created role at nationally recognized financial planning and investment advisory firm as Director of ESG Research Reston, VA, May 26, 2021: Mason Investment Advisory Services, Inc. (Mason), a Reston, […]
William Mason, III
Founder, Chief Executive Officer
President and Chief Investment Officer
Chief Operating Officer
Chief Compliance Officer
Chapel Hill, NC
Chief Marketing and Development Officer – Institutional
Strategic Asset Allocation and Opportunistic Rebalancing for Foundations and Nonprofits
A goal of foundations in general is to achieve a level of return that is adequate to further their missions at an acceptable risk level; in other words, they do not wish to take on more risk than is necessary to accomplish the goal. During bear markets, foundations are typically concerned about rapid and severe reductions in asset values. Alternatively, during bull markets foundations may take on more risk than they need to achieve their long-term goals. Over the long term, however, we believe that it is important to have a disciplined strategy and not overreact to short-term trends.
Revisiting Your Investment and Distribution Goals
Benjamin Franklin once said that nothing in this world is certain, except death and taxes. Endowments suspend these certainties as they are generally exempt from taxes and live on indefinitely. Endowment spending policies specify the balancing between appropriately funding today’s beneficiaries and protecting endowment assets for tomorrow’s beneficiaries. Since fiduciaries maintain a substantial portfolio to fund the needs of both future and current generations, it is important to establish a portfolio allocation and payout policy that properly balances these competing demands.