“Chris Russell has addressed a too-overlooked topic – the education of trustees charged with the governance of the endowments and foundations of the permanent trusts dedicated to the health, education and welfare of society, for today and tomorrow. A careful and studied reading of the text will assist every trustee charged with overseeing or directly managing the assets of endowments and foundations to fully understand the evolving language of modern investments, and to see the interplay of investment risk and spending policies in framing a proper balance between intergenerational obligations.”

Dr. Allan S. Bufferd, Sc. D., J.D. Treasurer, Massachusetts Institute of Technology President, MIT Investment Management Company