John W. Griffith is a director and endowment specialist with Hirtle Callaghan.
He has more than 30 years of higher education experience. From 2003 until 2014, he was the chief financial officer and treasurer of Bryn Mawr College. As the treasurer, he oversaw an $850-million endowment, managed cash, issued debt, and was responsible for budgeting and strategy planning. He also assisted in modernizing and diversifying the endowment. During the latest recession, Bryn Mawr was one of only a few colleges whose debt rating was upgraded. Prior to Bryn Mawr, John spent 15 years in various financial roles at the University of New Hampshire. John started his career at Coopers & Lybrand.
The information presented in this article is general in nature and is not designed to address your investment objectives, financial situation or particular needs.
Here is one methodology that can be used to determine what the best spending policy may be for your organization.
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