Word: scudders
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...Looking ahead into the future, I think it is logical to say the endowment will do better than an index fund, but it’s not certain,” said David W. Scudder ’57, vice president of trusts...
...Scudder said a number of fund managers at other universities had contacted him to express interest in initiating similar programs...
...main objective of any investor who’s in there for the long term is to get maximum return with as little risk as possible,” Scudder said. “The way the Harvard endowment has been run, that has been its achievement...
...letter ruling, requested by the HMC in January 2003, permits Harvard to invest in areas which would ordinarily produce disqualifying taxes. Most of those taxes will be paid by donors at a rate of 35 percent, Scudder said...
Other non-profit organizations must obtain their own ruling from the IRS to move forward with similar programs for their donors, although approval would likely come easily following Harvard’s precedent, according to Scudder...