- Group: Institutional Investor Journals, The Voices of Influence
- Subject: Featured video of the week: Michael Crook, Executive Director, Head of Portfolio Advisory Group, UBS
In the video Michael Crook expands on his article “Investment Policy for Private Foundations” in The Journal of Wealth Management. He mentions that there are three basic objectives: 1) distribute 5% of the net fair value of their assets per year, 2) maintain at least a constant level of real (inflation-adjusted) charitable giving per year and 3) do so in perpetuity.
View Video: http://www.youtube.com/watch?v=QPNc_ajs3vU
View Abstract: http://www.iijournals.com/doi/abs/10.3905/jwm.2012.14.4.041
