Endowments and foundations are an important focus of our firm, as individual clients and as components of our health care and religious clients' portfolios; they represent 25% of our client base. Concord has more than 30 years of experience in managing the ever-important balance between spending policy and corpus growth. The long-term horizon of endowments and foundations allow for greater flexibility in terms of portfolio construction. Concord’s seasoned consulting and research teams have successfully assisted our clients in producing risk-aware portfolios that maintain liquidity while gaining exposure to a broad range of globally diversified investment strategies. Concord’s vast experience has resulted in a firm that excels within the dynamics of the nonprofit board environment.