Our Clients<<

Endowments and foundations face the challenge of continually seeking out ways to attain and maintain their own permanence and stability as well as creating what some institutions call "inter-generational equity". In order to achieve this, a balance must be struck between an institution's spending policies and its corresponding investment practices.

Does an aggressive spending policy put the institution's long term financial health at risk? Is the institution's philanthropic agenda hampered because its investments are too conservative?

At CONSULTIVA we design financial scenarios for endowments that allow us to ask these kinds of questions. We provide Board education on the relationship between spending and investing, and how "assets should follow liabilities".

By recognizing its sensitivity to different spending and investment scenarios, an institution can determine the most appropriate strategies to assure the sustained growth of its resources. With our assistance, an endowment or foundation Board can agree on a given spending plan and design a corresponding investment policy. We then provide assistance in evaluating investment managers to carry out the implementation.