Jane Bierwirth Comments on Private Foundation CIO Compensation

Jane Bierwirth, Co-Head of RSR Partners’ Asset Management practice based in New York, provided insight into the compensation of private foundation CIOs and how salaries compare to what’s offered elsewhere in the asset management industry in a recent FundFire article.

Jane noted that private foundations are competing with endowments and asset managers for the same pool of candidates when hiring for investment positions. However, investment management positions at asset management firms often come with significantly higher earning potential. As a result, investment professionals in the private foundation space need to have a passion for the job or a true commitment to the foundation they are managing. Many are not involved in investment decisions.

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