The Drake Endowment is a long-term pool of capital that seeks high inflation-adjusted returns to provide ongoing support to philanthropic endeavors while also growing the real value of the portfolio. The Endowment is overseen by the Drake Investment Committee and Cambridge Associates, which is a leading global investment firm based in Boston, MA.
The Endowment is governed by a Strategic Investment Policy that is tailored to the specific goals and spending needs of the portfolio. The Endowment engages in long-term partnerships with external managers to make investments across asset classes such as equities, fixed income, real estate, and alternatives. The Strategic Investment Policy places an emphasis on non-traditional asset classes such as private investments and absolute return.