The Helmsley Charitable Trust is taking a liquidity crunch off the table, amassing a 23% allocation to cash-like assets.
Private and community foundations saw 2017's double-digit investment gains go in the opposite direction last year, a report shows.
Investment portfolios are swelling for private foundations, which are continuing to embrace alternatives.
Foundations are going strong in impact investing, an area that is only expected to grow in the years ahead.
Michael Ruetz was named deputy chief investment officer of the $6.84 billion Margaret A. Cargill Philanthropies, reporting to Shawn Wischmeier.