For foundations and endowments to be successful, they must be managed, sustained, and grown over the long term. However, long-term planning can be challenging, especially during periods of volatility and uncertainty. In this conversation, Richard Rooney and David Macdonald discuss how to successfully navigate today’s foundation and endowment landscape.

Key Points:

  • Disbursement policies and ensuring stable payouts
  • Asset allocation in the short, medium, and long term
  • The use of special funds for specific purposes
  • Structuring an investment committee
  • Approaches to fundraising

For an alternate format, access the transcript via the “Download PDF” link at the top of this post. The transcript has been edited for clarity.
The Q&A period can be found within the transcript only.

Richard Rooney

Richard Rooney, CFA, FCPA


Vice Chair and Co-Founder,

Burgundy Asset Management

David Macdonald

David Macdonald


Co-Founder and Managing Partner,

Glencoban Capital Management

Kimberly Nemeth

Kimberly Nemeth, CFA


Institutional Relationship Manager,

Burgundy Asset Management


This post is presented for illustrative and discussion purposes only. It is not intended to provide investment advice and does not consider unique objectives, constraints or financial needs. Under no circumstances does this post suggest that you should time the market in any way or make investment decisions based on the content. Select securities may be used as examples to illustrate Burgundy’s investment philosophy. Burgundy funds or portfolios may or may not hold such securities for the whole demonstrated period. Investors are advised that their investments are not guaranteed, their values change frequently and past performance may not be repeated. This post is not intended as an offer to invest in any investment strategy presented by Burgundy. The information contained in this post is the opinion of Burgundy Asset Management and/or its employees as of the date of the post and is subject to change without notice. Please refer to the Legal section of this website for additional information.