Press Release April 7, 2003 (Russell.com)

Russell To Hold Investment Symposium For Endowments & Foundations In Cambridge

One-Day Educational Forum Will Address Critical Issues Facing Both Trustees and Staff of Non-Profit Organizations

Agenda Will Focus on Investment and Spending Issues, Governance and Fiduciary Responsibilities, and Philanthropy in the 21st Century

TACOMA, Wash. — Frank Russell Company, a global leader in multi-manager investment services, will bring its 2003 Endowment and Foundation Symposia Series to Cambridge, Mass. on April 10. The event will address critical issues facing both trustees and staff of non-profit organizations of all types and sizes. Among the participants will be a unique mix of board members, senior investment/finance staff and senior development staff representing universities, schools, community foundations, private foundations, corporate foundations, hospitals, museums and other public charities.

"Since we are experiencing such extraordinary times in the securities markets, global economy and corporate managerial landscape, we believe it is essential that non-profit organization staff and boards interact and learn from one another, inside and outside of their respective organizations," said Dale Kindregan, relationship manager for endowments and foundations at Russell.

The agenda for the one-day educational forum will focus on three important areas:

Investment and spending issues
Governance and fiduciary responsibilities
Philanthropy in the 21st century

An outstanding roster of outside experts will participate as speakers and panelists at the Symposium. Among them are: Arnold S. Wood, president and CEO, Martingale Asset Management; James A. Pitts, vice president, finance and administration, Boston Foundation; Rick Fritz, Chairman of the Investment Committee of Middlebury College; Curt Tobey, investment committee board member, University of Vermont; Kathryn J. Crecelius, director of marketable alternative investments, Massachusetts Institute of Technology; Jay A. Yoder, director of investments, Smith College; Thomas P. Kannam, chief investment officer, Wesleyan University; Steve Johnson, director of philanthropy promotion, The Philanthropic Initiative, Inc.; Marilyn Kuhar, director of development, Museum of Science (Boston); Eric Snoek, vice president for college advancement, Wheaton College; Katelyn L. Quynn, executive director of development, planned and major gifts, Massachusetts General Hospital; Timothy W. Diggins, Esq., senior partner, Ropes & Gray; and Thomas A. McLaughlin, not-for-profit practice senior manager, Grant Thornton.

Several senior representatives from Russell will also speak, including D. Don Ezra, director of strategic advice; George Oberhofer, senior practice consultant; Jeffrey A. Geller, director-investment management and research; and Dale W. Kindregan, relationship manager for endowments and foundations.

Among the key topics that will be addressed are:

Best practices in non-profit governance — The task upon which a solid organization is built and how it serves as a shield against liability
Asset allocation and spending policy taken to another level — Understanding how alternatives fit into a traditional model, and issues to consider with various spending strategies
Behavioral finance — Reactive reflex vs. rational responses from your investment committee
Are hedge funds for your organization? — Understanding the characteristics of these complicated strategies
Keeping the house in order — A legal and accounting perspective on fiduciary responsibility

This is the fifth event in Russell's 2003 Endowment and Foundation Symposia Series. Russell's Kindregan said the first four events — held in New York, Philadelphia, San Francisco and Louisville — were extraordinarily well received. The Cambridge event will take place on April 10 at the Hyatt Regency, 575 Memorial Drive, from 8:00 a.m. to 5:00 p.m. with a reception following from 5:00 p.m. to 6:00 p.m. There is no cost to attend, and CFP/CPA credits are available.

About Russell
Frank Russell Company, a global leader in multi-manager investment services, provides investment products and services in more than 35 countries. Russell manages more than $67 billion in assets and advises clients worldwide representing more than $1.6 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. For more information, go to www.russell.com.

Frank Russell Company, a Washington, USA corporation, operates through subsidiaries worldwide.