Archive for the 'Endowment Management' Category

Betsi Isay: Calvert Foundation




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isayThis summer, I worked for the Calvert Foundation’s Lending and Advisory Services Team as a Summer Associate. The Foundation serves as a non-profit financial intermediary that provides investors with innovative financial products that channel affordable capital to underserved communities around the world. If I had to summarize my internship in one sentence, I would say that I assisted in managing the lending side of a $110 million portfolio that consists of non-profit organizations around the world with a social mission. I worked on a range of projects including doing the due diligence, credit and risk analysis for a number of potential borrower non-profits, updating the Foundation’s risk management framework and analyzing (in both qualitative and quantitative terms) the social impact our investments were generating. I absolutely loved working with my team, which consisted of Investment Officers and the Director of Lending and Advisory Services. The range of projects I worked on and the level of responsibility I was given to manage these projects as well as my own time were invaluable parts of the internship.

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Erica Goudy: Echoing Green




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goudyThis summer I worked at Echoing Green, a social Venture Capital fund that invests in entrepreneurial organizations with a social mission. As an intern in the strategy department, I worked on Echoing Green’s strategic plan, and also helped it evaluate the impact of its investments. The staff was great and gave me free reign to “create my own experience,” but I also really enjoyed the opportunity to learn more about social entrepreneurship and investing.

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Jeff Gaffney: Save the Children




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gaffneyI worked with Save the Children and their investment committee on the management of their long-term endowment funds. In this role I analyzed investment returns, worked to improve the monthly reporting to the investment committee, performed due diligence visits with account managers, and managed the organization’s investment consultant search process. I had the opportunity to work with the organization’s CFO, the chairman of its investment committee, and individual members of the committee including one who teaches a course here at the Yale School of Management. The internship was a fantastic experience and provided great exposure to endowment management and the many obstacles which smaller endowments face in effectively managing their investment capital.

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