Endowment Trustees

Charge

The Trustees have the authority to hold, invest, reinvest and disburse endowment funds as directed by the Executive Board; recommend endowment operating procedures and assumptions to the Executive Board; select endowment investment managers; report endowment status to the Executive Board, Council and Membership.

Roster

Mr. Mario M. Gonzalez (Trustee, July 1, 2017, to July 1, 2020)
Mr. Rodney M. Hersberger (Trustee, July 1, 2018, to June 30, 2019)
Mr. Robert Randolph Newlen (Trustee, July 1, 2016, to July 1, 2020)
Ms. Siobhan A. Reardon (Trustee, June 30, 2016, to July 1, 2019)
Brian E. C. Schottlaender (Trustee, July 1, 2018, to June 30, 2021)
Patricia A Wand (Trustee, July 1, 2018, to June 30, 2021)
Ms. Susan H. Hildreth (Treasurer, May 17, 2016, to July 1, 2019)
Ligia Barac (Staff Liaison, July 1, 2017, to June 30, 2020)
Keith D. Brown (Staff Liaison, July 1, 2015, to July 1, 2020)
Mary W. Ghikas (Staff Liaison, July 1, 2018, to June 30, 2020)
Mark Leon (Staff Liaison, July 1, 2015, to July 1, 2020)

Displaying active committee roster as of 10/20/2018. Last retrieved on 10/20/2018. Members can log in to view full contact information for committee members.

Resources

View all financial reports.

 

BARC Response to ALA Council regarding Socially Responsible Investments Resolution

At the 2018 Midwinter Meeting in Denver a proposed resolution from SRRT regarding fossil fuels and the ALA Endowment Fund was forwarded to BARC for its review for potential financial implications. The proposed resolution was reviewed at both the Midwinter and Spring Meetings of BARC. Note that BARC also reviewed the proposed resolution in consultation with the Endowment Trustees and the Finance & Audit committee.

Here is BARC’s response to ALA Council regarding the Resolution (PDF)

Endowment Fund Holdings

At the 2018 Midwinter Meeting in Denver a request was made to the Senior Endowment Trustee Rod Hersberger to provide Council with the opportunity to review the holdings in the ALA Endowment Fund. The Trustees have worked diligently to make this happen. 

While some holdings are very accessible via monthly statements, others were a little more challenging for the following reasons:

  • Direct links to the holdings of publicly traded mutual funds and Exchange Traded Funds (ETF’s) generally require more than several clicks in order to get to the intended information.
  • Some funds/portfolios within the Endowment are proprietary in nature and are not available for review.

Here in a PDF showing the available holdings of the Endowment Fund (.PDF)

Here in an MS Excel workbook showing the available holdings of the Endowment Fund (.XLSX)

Composition

Six (6) trustees elected by the Executive Board annually, for a 3-year term and the ALA Treasurer (ex-officio, non-voting).

Subcommittees & Task Forces

Six (6) trustees elected by the Executive Board annually, for a 3-year term and the ALA Treasurer (ex-officio, non-voting).

Meeting schedule

The Endowment Trustees meet each spring and fall; hold monthly conference calls.

Staff Liaison

Mary W. Ghikas, Interim Executive Director
Office:  (312) 280-1392
Fax: (312) 280-5014
mghikas@ala.org
Assistant: Wilie Glispie – (312) 280-3205
wglispie@ala.org

Keith Brown, Senior Financial Analyst
Office:  (312) 280-4255
Fax:  (312) 280-5272
kbrown@ala.org