Baltimore Checkbook: Walters Art Museum taps four minority firms to manage endowment

Thursday, July 28, 2016

Walters Art Museum taps four minority firms to manage endowment

In an effort to promote diversity and inclusion in the Baltimore arts scene, the Walters Art Museum has hired four minority- and women-owned investment firms to manage a portion of its $116 million endowment portfolio. “We hope to create a ripple effect in the arts community in Baltimore and nationally in the art museum field, encouraging other nonprofit organizations to hire diverse-owned firms to manage their endowment portfolios,” said Julia Marciari-Alexander, the museum’s executive director. The…