Word: hmc
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Dates: during 1970-1979
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Donors would give a minimum of $5000 to the HGF, he said. The Harvard Management Company (HMC) would invest the money and donors or their beneficiaries would receive approximately 2.5 to 3 per cent interest on their gift annually...
...donors earn approximately 8 per cent interest on the "high interest" pooled fund and approximately 5 per cent on the "balanced" fund, both under HMC management. The investments for the balanced fund are more oriented towards appreciation, she said...
...other "income producing" options are Charitable Remainder Funds (CRF). Established with donations over $50,000, these funds are not pooled but are invested individually, either by the HMC or by a trustee the donor selects, Brown said...