Short Term Pool

The Short-Term Pool is invested in U.S. Treasury bills. This option is appropriate for those who do not want equity- market exposure.

Asset Mix: 100% in U.S. government treasury bills and money market funds.

Use your Wealth Management Advisor:

Do you have a trusted wealth manager you would like to handle the investment of your fund? Let us know! Select new funds only (minimums required).  

Customize Your Investments:

As a true private foundation alternative, our team can facilitate custom investment allocations (minimums required).

The Boston Foundation Investment Committee

Raja Bobbili, Chair of Investment Committee
Term expires June 30, 2029*

Raja H. R. Bobbili is a Managing Director at Abrams Capital, an investment firm based in Boston. Bobbili helps lead investments across a range of industries and asset classes. Born in India and raised in Zambia, Bobbili immigrated to the United States at the age of 16 to attend MIT. He later completed graduate studies at Harvard University, receiving a JD and an MBA from Harvard Law School and Harvard Business School, respectively.

He currently sits on the board of the Whitehead Institute and has previously served on the board of trustees of MIT (MIT Corporation) and the Harvard Business School Alumni Board. In addition, he sits on multiple corporate boards. Bobbili lives in Massachusetts with his wife and three children.

Andrew Arnott (ex officio)

Bio last updated 2025

Andrew G. Arnott is President and Chief Executive Officer of John Hancock Investments, a wealth management business of John Hancock Financial, the U.S. division of Toronto-based Manulife Financial Corporation.

Mr. Arnott brings a wealth of organizational and industry expertise to this role, including more than 20 years of experience in the asset management industry. Since 2012, he has led all aspects of John Hancock Investments’ business, from investments, sales, marketing, finance, and product development to operations and technology. Mr. Arnott is also President of the trusts for the John Hancock Group of Funds, with general responsibility for overseeing day-to-day management of fund business and operations, serving as Chief Executive Officer of all funds, acting as liaison between management and the funds’ Board of Trustees, and presiding over Trustee and shareholder meetings.

In his prior position as Executive Vice President and Chief Operating Officer of Investment Management Services, Mr. Arnott was responsible for all asset manager relationships across the John Hancock Investments and Manulife Financial platforms in the United States and Asia.

Mr. Arnott serves on the Board of Overseers for the Boys & Girls Clubs of Boston, the Board of Directors for the Boston Foundation, the Board of the Mt. Mansfield Winter Academy, and the ICI Board of Governors.

Paul Gannon (ex officio)

Bio last updated 2022

Paul Gannon is a retired Partner and former Chief Operating Officer of The Baupost Group where he was also a member of the firm’s Management Committee. Prior to joining Baupost in 1991, he served as the Chief Financial Officer for the Real Estate Group of Bank of Boston and was the VP of Finance for a chain of home centers.

Mr. Gannon earned his CPA designation while working with Ernst and Whinney in Boston and Sydney, Australia, after graduating from the University of Virginia’s School of Commerce.

Mr. Gannon is the Chair of the WBUR Board of Directors, serves on the Board of Advisors of The Baupost Group, as well as on the Board of Directors of Volos Software, Upstream USA, Opportunity Solutions International, the Boston Foundation, and Tenacity. He also serves as a Board Observer or mentor for a number of startup companies.

Non-Director Members

The Boston Foundation Investment Committee also features two non-Director members. They are:

Letitia Johnson, Chief Investment Officer, Amherst College

Joel Cohen, Global Investment Staff, MIT Investment Management Company (MITIMCo)

Natalie Herter
Chief Investment Officer

Natalie Herter joined TBF in 2026 as Chief Investment Officer, responsible for leading, executing, and monitoring the investment strategy of TBF in alignment with its long-term financial objectives.

Natalie brings nearly two decades of experience in institutional investment management and a deep commitment to helping mission-driven organizations advance their work. Prior to joining the Foundation, Natalie served as Director of Investments for the Mount Holyoke College investment office. As a member of the small team responsible for managing the College’s endowment, she focused on identifying and building long-term relationships with investment managers across asset classes and markets. She also played a key role in setting investment policy and strategy, portfolio and risk management, and building the investment office’s processes, team, and operations. Previously, Natalie spent over a decade at Cambridge Associates where she ultimately served as a Managing Director and Investment Team lead in the Endowment & Foundation practice, managing clients and portfolios with total assets of roughly $4 billion, advising on investment policy setting, risk and liquidity management, asset allocation, portfolio construction, manager selection, and overall investment strategy.

Natalie holds a B.A. from Middlebury College, where she graduated magna cum laude. She is a CFA charterholder and a member of the CFA Society Boston

Prime Buchholz
Investment Consultant

Prime Buchholz has served as an independent investment consultant for two decades, partnering with clients to create and extend their investment programs. It advises more than 260 institutional and private clients ranging from non-profits and corporate entities, to high net worth families. The company was founded in 1988 in Portsmouth, N.H., and today it employs over 100 investment professionals and support staff with offices in Portsmouth, Boston and Atlanta.

*Eligible for another five-year term.