A quality education lasts a lifetime. A well-managed endowment makes education possible for generations to come.
Eric* was a board member of Millwood Day,* the private school that his three children attended. Like Eric, many of Millwood’s board members also worked in finance. As a successful investor, he had extensive experience in financial markets.
In early 2017 he contacted J.P. Morgan’s Endowments and Foundations Group for investing assistance for the school.
“We’re all investments professionals,” Eric explained. “So we understand how complex and time-consuming this is. That’s why at a certain point, we agreed it made the most sense to outsource.”
At the time, the board members actively managed the school’s endowment themselves, without outside help or guidance. But it just wasn’t working. While they had the skills to understand markets and manage the endowment, they didn’t have the time.
Investing at the institutional level is complex. To do it well requires not only resources and skills, but also a lot of time. What Millwood needed, Eric told us, was a team of specialists who could handle the endowment’s complex financial needs on a discretionary basis.
As Millwood’s OCIO, our Endowments and Foundations Group worked with the board to determine how we could best help them. That help included:
*Names and details have been changed to protect our clients’ identities. Information is not a guarantee of future results.
Learn more about becoming a J.P. Morgan Private Bank client.
Please tell us about yourself, and our team will contact you.
INVESTMENT PRODUCTS ARE: • NOT FDIC INSURED • NOT A DEPOSIT OR OTHER OBLIGATION OF, OR GUARANTEED BY, JPMORGAN CHASE BANK, N.A. OR ANY OF ITS AFFILIATES • SUBJECT TO INVESTMENT RISKS, INCLUDING POSSIBLE LOSS OF THE PRINCIPAL AMOUNT INVESTED
Bank deposit products, such as checking, savings and bank lending and related services are offered by JPMorgan Chase Bank, N.A. Member FDIC. Not a commitment to lend. All extensions of credit are subject to credit approval.