(June 11, 2014) – One of America’s largest private foundations has built out its investment team with the hire of a CIO and, now, a deputy—both lifted from Ohio State University’s endowment.
The $2 billion Harry and Jeanette Weinberg Foundation has hired David Gilmore as managing director of investments. Gilmore has served as interim CIO for the school’s $3.4 billion endowment since Jonathan Hook’s departure for Weinberg in May.
At the foundation, Gilmore, 38, will once again serve as Hook’s deputy. Both positions work closely with President and CEO Rachel Monroe and the board of directors, according to the Baltimore-based charity.
Monroe said that Gilmore’s “addition completes, for now, the creation of a superb investments management team that will help to maximize the foundation's assets, protecting and enhancing its philanthropic capacity. We look forward to now having two in-house managers.”
Prior to joining the Ohio State in 2009, Gilmore spent seven years as a partner and investment consultant at fund-of-funds Gerber/Taylor Capital Advisors.
He begins his new role as of August 4.
Ohio State’s press office did not respond to requests for comment on the departures. Following Hook’s resignation, the campus newspaper reported he had grown frustrated with the school’s lack of support for the investment office.
“Some things we just were not able to get done, things the school did not want to do,” Hook said in an interview with the paper. “The school was not going to move forward to help us get to best practices. So my decision was that if the school wasn’t going to finish the job, I’d make the decision to go elsewhere.”
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