Planning for Endowments and Foundations
Presenter: Brian D. Wodar, Director, Wealth Management Research, Bernstein
To achieve the greatest impact nonprofit trustees and directors should coordinate spending policy and asset allocation with their philanthropic missions. Smoothing formulas can help nonprofits strike the right balance between spending and preserving assets. Smoothing slows the rate of spending increases during bull markets and helps maintain spending through bear markets.
Brian D. Wodar is a Director of Wealth Management Research and provides customized consultation on complex financial issues facing Bernstein Global Wealth Management’s high-net-worth investors and their professional advisors. He has expertise in advanced asset allocation, trust and estate planning, spending policies for philanthropic organizations, planning in advance of a business sale, concentrated single-stock exposure and stock option exercise planning. Wodar has been an author of and contributor to the firm’s published research on these topics. A founding member of the Wealth Management Group, Wodar joined the firm in 1997 and directed the creation and implementation of Bernstein’s Wealth Forecasting System, the firm’s largest private client research effort to date. He earned an MBA in finance and an MA in literature from New York University. Formerly based in New York, Wodar relocated to Chicago in 2005.