Investment Management
Fund for the 21st Century
Your impact opportunity begins the moment you set up a Donor Advised Fund at the Boston Foundation.
Since 1915, the Boston Foundation has been the trusted repository and steward of this city and region’s philanthropic capital. Our guiding investment philosophy is to promote the judicious stewardship of funds entrusted to us for the benefit of our community of donors and the nonprofit organizations we serve. We currently manage $2.2 billion in charitable assets and are a long-term investor seeking the highest total return on assets consistent with prudent investment practices. We aspire to be at the leading edge of the charitable impact investing movement and are proud to provide best-in-class options to our donor community and donor advised fund program.
We recognize that donors have varied time horizons, risk tolerances and other criteria that influence their investment recommendations. To meet these diverse needs, the Boston Foundation offers four options with the ability to allocate investment across some or all options. All options retain good liquidity that allows the deployment of grants dollars to support our community.
Click here to view our latest Investment Performance update
Click to learn more about the Impact Pool at the Boston Foundation
Click to learn more about the Mission First Pool at the Boston Foundation
Click here to read the latest Boston Foundation Investment PolicyFund for the 21st Century Investment Options:
Do you want your philanthropy to have a profound effect beyond the grants you recommend? One way is to consider how your philanthropic assets are invested.
The Boston Foundation has been entrusted to carry out the philanthropic legacy of hundreds of generous families. This is why we ensure that our discretionary endowment, the Fund for Boston’s Future, benefits from long-term capital appreciation and fuels community impact: best in class equities managers, hedge funds, private equity investments, and real estate.
Impact Pool
Impact Pool
Established in 2019, the Impact Pool allows donors to grow their future grantmaking balance while also generating positive social impact on a global scale and an eye toward supporting our local community. The market-rate diversified pool has a competitive and balanced mix of best-in-class socially responsible investments. The Foundation's endowment is also partially invested in the Impact Pool.
Asset mix: 90% equity-type risk, 10% fixed income/money market
Balanced Plus Pool
Balanced Plus Pool
Our legacy investment pool, the Balanced Plus Pool benefits from long-term capital appreciation and seeks market-rate returns: strong equities managers, hedge funds, private equity investments, and real estate investments. All donor advised funds can invest in this pool alongside the Foundation’s endowed funds.
Asset Mix: 90% equity-type risk, 10% treasury securities.
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
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)
George C. Wilson
Chief Investment Officer
George Wilson has been active in the investment field for more than thirty years. His career has included serving as a Senior Investment Officer at Pension Reserves Investment Management, the $50 billion Massachusetts public pension plan, with responsibility at various times for overseeing its real estate, REIT, timber, and private equity portfolios. He also was a Vice President for Asset Management with GE Capital Investment Advisors, Inc., a partner with the New Jersey based investment banking firm of Robert A. Stanger & Co., and a certified public accountant at Price Waterhouse.
George earned a BS in accounting and an MBA from Babson College, and a master’s degree in taxation from Bentley College.
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.