“He has never had any interest in doing anything but running the endowment as well as he could,” Dr. Swensen said. He never aspired to more money or a higher position.”Mr. Swensen’s disciples often eschewed Wall Street as well. For Mr. Swensen, endowment management seemed as much a calling as a career. When endowment managers used that post to burnish their résumés, he privately fumed that they had betrayed a trust to education. His mother, Grace (Hartman) Swensen, became a Lutheran minister after raising their six children.

Source: New York Times May 06, 2021 17:37 UTC