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Sister Maureen Fay, president emerita of the University of Detroit Mercy, died May 27, 2021. She served as president of UDM for 14 years, from its inception in 1990 to her retirement.
Students, UOG discuss 5% tuition increase By Dylan Clymer View Comments The University of Guam will increase tuition by 5% in the spring of 2022, but officials said the university plans to use various programs and funding to reduce the strain on students. The programs include money from the American Rescue Plan and financial aid. This latest tuition increase is part of a series planned in 2019, after the university suffered a $6.2 million shortfall. It was discussed last week at a legislative budget hearing, where UOG President Thomas W. Krise said it would be necessary. After the increase...
Nonprofits Reluctant to Raid Investments for Short-Term Needs May 11, 2021 Nonprofit leaders often use investments to supplement their revenue. But the holdings in an organization’s portfolios aren’t necessarily intended for the large, quick fixes increasingly required as a result of the coronavirus pandemic. Among organizations with investment holdings, 94% of financial managers view them as having long-term horizons, and 78% plan to maintain their portfolios in perpetuity, according to the annual Endowment & Foundation Survey from financial advisory firm Captrust Financial Advisors in R...
The Asia Pacific Association for Fiduciary Studies recently announced that Wilfred Leon Guerrero, chairman of the Government of Guam Retirement Fund, has joined the association's Board of Governors. He will assume the position of board chairman in completion of the term of Gerard Cruz, who left the Asia Pacific Association for Fiduciary Studies Board as his term on the Government of Guam Retirement Fund ended. Cruz served as chairman for 18 years. Leon Guerrero has been a trustee with Government of Guam Retirement Fund since 2004 and was elected chairman in 2019. Prior to being elected bo...
iStockphoto Among foundations and endowments that don't incorporate ESG, impact or mission-aligned strategies, nearly half of them haven't even considered doing so, according to the results of the most recent Endowment & Foundation Survey from CAPTRUST Financial Advisors. The annual survey, which collected responses from 171 nonprofit organizations in August and September, showed that 31% are currently allocating assets to environmental, social and governance; impact; or mission-aligned strategies. But of those that aren't, 47% signaled that those strategies have not even been considered. R...