A Brief Summary Of William R. Packard

1378 Words6 Pages
Provide a brief summary of the case In 1966, William R. Hewlett, co-founder of Hewlett-Packard, established The Hewlett Foundation (HF). In 2004, with estimated assets worth $6.4 billion, the foundation was one of the largest private charitable organizations in the United States. At the time, the asset allocation employed was highly conservative compared to other philanthropic organizations of similar size. The main objective of the investment committee had been to guarantee the continuity of the grants while increasing the value of assets. In early 2005, Laurance Hoagland Jr., the chief investment officer of the Hewlett Foundation, and his investment team met to finish their recommendations to the investment committee for a new asset allocation policy for the foundation 's investment portfolio. If the proposal was approved, HF would adopt a new asset allocation policy that included a substantial reduction in the overall exposure of the investment portfolio to domestic public equities and a significant increase in the allocation to absolute return strategies and TIPS (U.S. Treasury Inflation Protected Securities). Hoagland and this team also needed to decide on a complementary recommendation to the HF Investment Committee to pledge approximately 5% of the total value of the portfolio to Sirius V, the latest fund at Sirius Investments, which specialized in global distressed real estate investments. Was HF 's donor stock sale program a good idea? In your discussion, you

More about A Brief Summary Of William R. Packard

Open Document