
Sustainable Endowment Management
While barreling down a dirt road in Tanzania with Francis Sabuni, I was asking him investment questions for his Conservation Fund. “What time horizon should we consider for investment 5-7 years, 7-10 years?” He answered “500,000 years!” Then said, “This national park endowment is not for us, it is for our grandchildren, and their grandchildren’s grandchildren.”












