BRIAN GAYNOR: What is Dio doing with its parents’ donations?

Wed, 16 Sep 2020

The revelation the Diocesan School for Girls Heritage Foundation has an exposure to the failed Penrich Global Macro Fund has raised serious questions about its governance and investment strategies.The foundation, which “provides financial and other assistance for the benefit of Diocesan School for Girls” had cash and investment funds of $7.7 million at the end of December 2017. In the following two-year period, the 24 months ended December 2019, the Foundation had a total investment return of 11.8 percent while the these four m...

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