Endowments and Foundations

Kauffman Foundation appoints new CIO

Lisa Murray was named chief investment officer of the $2 billion Ewing Marion Kauffman Foundation, Kansas City, Mo., said spokeswoman Lauren Amaio.

She replaces Mary McLean, who retired earlier this month. Ms. Murray was previously managing director in investments. Brian Scharf, previously a principal at Paragon Capital Management, replaced her in that role.

Ms. McLean had been CIO since 2012.