The Harry and Jeanette Weinberg Foundation today announced the promotion of David Gilmore to the role of Deputy Chief Investment Officer. Since joining the Foundation in 2014, Mr. Gilmore has served as Managing Director of Investments. He supports Chief Investment Officer Jonathan Hook, who will continue to serve in that role and who also joined the Foundation in 2014.
In his new role, Mr. Gilmore will also assume additional team leadership responsibilities while maintaining focus on investment manager diversity and due diligence, asset allocation, and risk management. He continues to serve on the senior leadership team in support of the president and board.
In 2014, the Weinberg Foundation committed to the internal management of its assets, which currently total approximately $3 billion. Total Foundation grants have increased from approximately $100 million per year in 2014 to the current annual distribution of $130 million.
During these challenging times, the Foundation—like many philanthropic organizations—has focused even greater attention on the growth of its assets and particularly to prudent risk management. The work of the Foundation’s 10-member investment team, who are based in both Baltimore and Hawaiʻi, is supported by four external investment advisors. The external advisers, together with Trustees Paula B. Pretlow and Nimrod Goor, comprise the Foundation’s Investment Advisory Committee. Mr. Goor chairs the Investment Advisory Committee. The external advisors are Jonathan Havice, Founder, DGV Solutions; Denise Olsen, Senior Managing Director, GEM Realty Capital; Reginald G. Sanders, Director of Investments, Kellogg Foundation; and Sonali Wilson, Executive Vice President, PIMCO.
To learn more about Mr. Gilmore’s new role, click here.