EMIF Flashcards
EMIF
Endowment Management Investment Fellowship
Why do you want to do EMIF
I am interested in investing, and philanthropic investing aligns extremely well to what I want to do with my career. After working with Ashoka, a social entrepreneurship venture capital nonprofit last year, I learned the importance and sustainability of corporate social responsibility and social entrepreneurship. I loved the work I did there (a lot of consulting to large firms and managing donations/investments) but I am looking for more finance experience. As in we learned how to evaluate new startups but most were too young to do valuations or financial analysis.
Endowment management is perfect in that the nature of the work is similar, but the endowment is actually invested in private equity, hedge funds, globally - all things that are what I want to do. The research project involved is a great way to learn and apply previous and new knowledge! The most important part for me is the mentor and guidance, which is something I do not specifically have anywhere. I can learn as much as I can on my own, but feedback is so much more conducive to improvement.
Foundations that are COOL
Bill and Melinda Gate Foundation 40 billion
David and Lucile Packard Foundation 6 billion
Silicon Valley Community Foundation 5 billion
David and Lucile Packard Foundation 6 billion
The David and Lucile Packard Foundation is a private foundation that provides grants to not-for-profit organizations. It was created in 1964 by David Packard
The majority of grants are distributed among four main program areas: Conservation and Science; Population and Reproductive Health; Children, Families, and Communities; and Local Grantmaking
Helps ecosystems
Past experience
Actuarial Science: I am now an expert in present value, future value of loans, bonds, payments nonsense. Growing money
Accounting and Finance and learning on my own through clubs. Smart Women Securities is teaching a course on investing, reading financial statements which is very helpful. Also I did Bloomberg Market Concepts on my own to learn some macroeconomic, global market forecasting material.
I keep up with international and domestic news just for fun. But it is very useful
What can I contribute?
(1) I am a super hard worker. I usually do all tasks to the best of my ability, and I do well in teams. Especially here where everyone is able to contribute.
(2) I am very interested in investing, so I will put more effort into everything.
(3) I think pretty uniquely - basically detailed which is pretty important. A friend was saying that at BAM they teach little things are so important in financial statements - catching those is critical.
About David and Lucile Packard Foundation
Organizations are more effective when they are equipped with thoughtful strategy, strong leadership, and sound operations.
Our program funding helps organizations strengthen their fundamentals so they can focus on achieving their missions.
Silicon Valley Community Foundation
CEO Mark Zuckerberg and his wife Priscilla Chan have donated.
Nicholas and Jill Woodman, founders of GoPro donated
Questions:
When students are assigned, do they ever get assigned to the same location?
Just curious: is it a large portion of the students who find interests in their assignments and continue into a job afterwards?
What does a senior associate do at the foundation?
Philip Bronstein
Philip serves as Senior Associate for the Investments team, working broadly across the portfolio. Prior to joining the Foundation in September 2017, he was a Senior Associate at the Yale Investments Office. Philip holds a B.S. from Yale University and is a CFA charter holder.
David and Lucille Packard Foundation Project
The Climate Breakthrough Project
The Climate Breakthrough Project (formerly known as the Climate Strategies Accelerator) was created (an initiative of the David and Lucile Packard Foundation) to identify and support leaders with bold and innovative approaches for arresting climate change. The project supports breakthrough ideas with the potential to result in climate change mitigation at significant pace and scale—including high-risk high-reward concepts—providing individuals or teams with $2M over three years to develop and launch their strategies.
https://www.packard.org/wp-content/uploads/2018/08/Climate-Breakthrough-Project-Overview.pdf
