The investment committee of a not-for-profit organization noticed under-performance of its endowment assets and worried that the organization’s disbursements could suffer. The board also grew increasingly dissatisfied with its investment manager’s limited attention and responsiveness. After completing an internal portfolio review, the investment committee sought a new direction for its endowment. Woodmont was retained to manage the funds after a formal proposal process.
Because stable and growing endowment disbursements are paramount, Woodmont worked with the organization’s Chief Financial Officer to understand yearly forecasts and the existing disbursement schedule. Working with both the finance and investment committees, we strengthened the endowment's Investment Policy Statement and implemented a long-term investment plan for both asset growth and income. We also greatly reduced the endowment’s investment expenses. Today we provide quarterly portfolio reviews to the investment committee and speak with the organization’s CFO frequently. Additionally, we work with the organization’s leadership as a true partner in the furthering of the organization’s mission.