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Kim Lew is the Vice President and CIO of Carnegie Corporation, where she is responsible for the investment and oversight of the Corporation\u2019s $3.5 billion Foundation. Kim joined Carnegie in 2007 after spending a dozen years at the Ford Foundation. She is also a Trustee of Ariel Investments, the Board Chair of the Stevens Cooperative Schools, and a member of the investment committees of the Girl Scouts of America and the ACLU, and the steering committee of the Private Equity Women Investor Network. Last year, Institutional Investor awarded her Endowment & Foundation CIO of the year.

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Our conversation covers the American dream story of Kim\u2019s parents, Kim\u2019s path to picking technology stocks and venture capital managers at Ford Foundation, two very different models of successful Foundation investing, blow-by-blow of the creation of an atypical Co-CIO seat at Carnegie, responsibilities that CIOs hate, idiosyncratic investments, committee meetings that foster long-term thinking, evolution of a farm team of managers, risk-taking in investing and life, and what to do when you turn 50 years old.

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Show Notes

1:52 \u2013 A look at Kim\u2019s background

4:03 \u2013 How did her family life impact her schooling

5:26 \u2013 Was there anything in her upbringing that drew her to business

6:18 \u2013 First job out of college

7:15 \u2013 Heading to Harvard Business School

8:42 \u2013 The move to Prudential

9:48 \u2013 Her time at Ford Foundation

17:35 \u2013 Move to venture funds at Ford

18:20 \u2013 Comparing the job of sourcing managers then to today

20:27 \u2013 Kim\u2019s move to Carnegie

22:42 \u2013 How the investment thinking was different at Carnegie

26:32 \u2013 How did their thinking on investing play out in individual decisions

27:55 \u2013 The decision to have Co-CIO\u2019s

34:22 \u2013 Worst parts of being a CIO

37:13 \u2013 An outside responsibility that has been helpful to Kim\u2019s career

38:56 \u2013 How the thinking on an investment committee for a pension can be different

40:05 \u2013 Stepping into the sole CIO role

41:06 \u2013 Imparting your influence on investment decisions when you are less in the weeds

41:42 \u2013 Carnegie's investment strategy

46:38 \u2013 Implementation

56:59 \u2013 Taking risks vs being smart with your capital

1:01:36 \u2013 50 things she had never done before

1:05:42 \u2013 Closing questions