Endowment Management in Our Current Economic Environment: A Conversation with Verne O. Sedlacek

Tue, October 13, 2015,
9:30am to 11:00am PDT
Seattle + Webinar/Conference Call
Philanthropy Northwest Office, 2101 Fourth Avenue Suite 650 Seattle WA 98121

Philanthropy — individual, collective or institutional — is a complex blending of mission, money and governance. For our first 38 years, Philanthropy Northwest primarily focused on the “mission” aspect of philanthropy.

In 2015, we began offering learning opportunities that reflect a more holistic approach to the lives philanthropy leaders and have hosted several conversations centering on governance and investment. 

Please join us for the latest in this series* as Philanthropy Northwest, in partnership with the M.J. Murdock Charitable Trust, invites you to join us for an intimate conversation on October 13 about our current economic environment and long-term management of endowments with Verne O. Sedlacek, former president and chief executive officer of Commonfund and current M.J. Murdock Charitable Trust visiting fellow. 

Verne will share his observations on the ways in which our current economic environment is impacting effective stewardship of private, family and community and public foundation financial assets. He will also discuss governance and policy issues related to portfolio management.  

  • Date: October 13th
  • Time: 9:30-11:00 am
  • Location: Philanthropy Northwest | 2101 Fourth Avenue Suite 650 Seattle, WA 98117
  • Registration is required.  Please login first.
  • Eligibility: This is a Philanthropy Northwest member-only event. 

More about Verne O. Sedlacek

Verne O. Sedlacek is the M.J. Murdock Charitable Trust’s newest visiting fellow. Verne was president and chief executive officer of Commonfund from July 1, 2003, to January 31, 2015. He joined Commonfund in 2002 as executive vice president and chief operating officer. Prior to Commonfund, Verne was president of John W. Henry & Company, Inc., a large alternative investment manager. Previously he served as executive vice president and chief financial officer for the Harvard Management Company. He also has served on many not-for-profit and for-profit boards including the Chicago Mercantile Exchange. Verne currently serves on the boards of the Association of Governing Boards of Universities and Colleges, the NYSE Pension Managers Advisory Board, is a member of the Samsung Global Investment Advisory Council (SGIAC), is a member of the Finance Department Advisory Board of the Ancell School of Business at Western Connecticut State University and on the Investment Committee of The William Penn Foundation. In 2013, National Association of College and University Business Officers awarded Verne the Rodney H. Adams Endowment award for his outstanding individual contributions to professional development activities in the area of university endowment and investment management. He has been a frequent contributor to CNBC and FOX Business. Verne is also the author of many publications involving not-for-profits and investments. He earned an A.B. in Economics from Princeton University and was certified as a CPA by the State of New York in 1978.

* Earlier sessions included Investing with Impact — for foundation finance officers and staff with Moss Adams, LLP in January. The session reviewed key tax and accounting considerations for mission and program-related investments.

In February we hosted an analysis of Social Impact Bonds, or Pay for Success, by Enterprise Community Partners which particularly focused on the role of, and impact on, philanthropy.

Also in February, Alan Biller, founder of Alan Biller & Associates, shared his observations about governance, investment and critical Fiduciary Dilemmas in a Volatile, Low-Return Environment.