The TIFF Education Foundation (TEF) will conduct the next edition of its popular seminar series on endowment management in Cambridge, MA on Tuesday, July 22, 2008. Please continue to check this website for seminar developments and contact tiffevents@tiff.org if you are interested in receiving registration particulars when they become available.

The shareholders of TIFF Investment Program (TIP) elected incumbent directors, Suzanne Brenner and Sheryl Johns, and new TIP directors, Bill McCalpin and Jane Mendillo, to the TIP board at a member meeting on February 29, 2008.

Bill McCalpin was a founding director of TIFF and served on the board until 1998. Bill was formerly the executive vice president and chief operating officer of The Rockefeller Brothers Fund where he was responsible for finance, investment management, information technology, communications, and grants administration. Prior to assuming his position with RBF, Bill was director of investments related to programs at the John D. and Catherine T. MacArthur Foundation in Chicago. He is a director of the F.B. Heron Foundation and currrently serves as chair of the board of trustees of the Janus Funds. The TIP board elected Bill as chair at its recent meeting.

Jane Mendillo is the chief investment officer of Wellesley College. She has been appointed as the president and chief executive officer of Harvard Management Company, effective July 1, 2008. She was formerly a vice president of Harvard Management Company and a management consultant with Bain & Company. Ms. Mendillo also serves on the board of directors of TIFF Advisory Services, Inc. and on the board of trustees of TIFF Education Foundation.

We are delighted to welcome Bill and Jane to the TIP board and thank Sheryl and Suzanne for their continuing service.

The boards and staff of all entities operating under the TIFF banner note with pleasure and pride the recent appointment of Jane Mendillo as President and CEO of Harvard Management Company. A trustee of TIFF Education Foundation (TEF) since September 2002 and TIFF Advisory Services (TAS) since June 2003 - and TAS board chair since June 2006 - Jane was recently elected a director of the TIFF Investment Program (a/k/a TIFF's mutual fund family). Her term as TAS board chair will be completed in June 2008, but she is expected to continue serving on one or more of the TIFF boards. We wish Jane well as she takes up her new and demanding duties at Harvard and look forward to her continued active engagement with TIFF.

Due to State Street Bank's acquisition of Investors Bank & Trust Company, TIP's wire instructions have changed. The new instructions can be found in the memo sent to existing members on February 15, 2008. Please update your records to reflect this change.