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Smith Barney's Consulting Group and the Center on Philanthropy at Indiana University Co-Sponsor National Seminar

center on wealth and philanthropy

WILMINGTON, DE, August 31, 2004 - Consulting Group, the managed money unit of Smith Barney, and the Center on Philanthropy at Indiana University will co-sponsor a national seminar  focused on "Contemporary Issues Facing Foundation and Endowment Executives and Trustees" on October 19, 2004. The seminar, which is open to foundation trustees, nonprofit leaders, fundraisers and interested media, will be held at the University Place Conference Center in Indianapolis.

According to Eugene R. Tempel, Executive Director of the Center on Philanthropy, "Foundations today are compelled to make decisions of increasing complexity, due to the state of the financial markets, the growing needs of grantees, a renewed emphasis on governance and accountability, and other issues. This seminar will provide a large number of foundations with an opportunity to discuss these issues in an in-depth, constructive manner."

Nationally known experts who will participate in the seminar include:

  • Paul G. Schervish, Ph.D.: Topic: "Defining the New Physics of Philanthropy: Financial Security and Strategic Friendship"
    Dr. Schervish is Professor of Sociology and Director of the Center on Wealth and Philanthropy at Boston College. He is National Research Fellow at the Center on Philanthropy at Indiana University and a former Distinguished Visiting Professor there. Dr. Schervish was also a Fulbright Professor of Philanthropy at University College, Cork, Ireland. He is a nationally recognized expert on wealth and philanthropy and the coming intergenerational transfer of wealth.
  • Claire L. Gaudiani, Ph.D.: Topic: "The Greater Good: How Philanthropy Drives the American Economy"
    Dr. Gaudiani is a professor at The George H. Heyman, Jr. Center for Philanthropy and Fundraising at New York University and former senior research fellow at Yale University Law School. She is nationally known for her stance that teaching and preaching civic virtues are necessary to create a high quality of life and is the author of a recent book, published by New York Times-Henry Holt, entitled, The Greater Good: How Philanthropy Drives the American Economy and Can Save Capitalism.
  • Norman E. Nabhan, CIMA:  Topic: "Financial Governance and Investment Policy: How Getting It Wrong Negatively Impacts Successful Grantmaking"
    Mr. Nabhan is a Managing Director of Smith Barney and National Director of Consulting Group and has over 30 years of providing investment consulting services.  He has significant experience working with foundations and endowments, pension funds, hospitals and other institutional investors.  A graduate of Purdue University, Mr. Nabhan currently serves on a number of not-for-profit and for-profit boards. 
  • Eugene R. Tempel, Ed.D., CFRE:   Topic: "Managing multiple Challenges in Today's Environment"
    Dr. Tempel has been Executive Director of the Center on Philanthropy at Indiana University since 1997. He is a nationally known expert and author on the study, practice, and ethics of philanthropy. Dr. Tempel's philanthropy career includes more than two decades as an administrator, fundraiser and educator, and his professional expertise includes teaching, training and consulting internationally with foundations and nonprofit organizations.
  • Lilya Wagner, Ed.D, CFRE: Topic: "Philanthropy and Fundraising Among Diverse Populations"
    Dr. Wagner is Associate Director of Public Service at the Center on Philanthropy at Indiana University and Director of its Women’s Philanthropy Institute. She also is Director of the Hispanic Stewardship Development Partnership. A member of the Center's Philanthropic Studies faculty and of its Fund Raising School faculty, she has provided extensive international training and counsel for nongovernmental organizations and is a frequent speaker and workshop presenter.

"The foundation world is experiencing greater change today than at any time in the past 20 years," said Norman E. Nabhan, National Director of Smith Barney's Consulting Group. He noted that a major trend, revealed by Dr. Schervish's research, is that wealth holders have become far more entrepreneurial in their approach to philanthropy.  "Another finding, which Dr. Guadiani will present, is that foundations play a generally unrecognized but key role in strengthening the nation's economy," Nabhan added.




Consulting Group

Smith Barney's Consulting Group is an industry leader in investment management consulting, managed money products and services.  Founded in 1973, the Consulting Group works with Smith Barney financial consultants and their clients, both institutional and individual, to develop customized investment, economic and asset allocation strategies based on their individual financial objectives. A hallmark of the Consulting Group's process and services is its research product.  Consulting Group 's research professionals continually evaluate and offer proprietary investment opinions of some of the world's most recognized investment management firms, enabling clients to make thoughtful and informed investment decisions.  Additional information may be found at: www.smithbarney.com/consultinggroup.

Smith Barney is the global private wealth management and equity research unit of Citigroup.  It is a leading provider of comprehensive financial planning and advisory services to high net worth investors, institutions, corporations and private b usinesses, governments and foundations. With nearly 300 research analysts around the globe and approximately 12,100 financial consultants in some 500 offices, Smith Barney offers a full suite of investment services, including asset allocation, private in vestments and lending services, hedge funds, cash and portfolio management, as well as retirement, education and estate planning.  A division of Citigroup Global Markets Inc., the firm currently has more than 7.7 million client accounts, represe nting over $1 trillion in client assets.  Additional information may be found at: www.smithbarney.com

Citigroup (NYSE: C), the preeminent global financial services company has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, insurance, securities brokerage, and asset management. Major brand names under Citigroup's trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, Banamex, and Travelers Life and Annuity. Additional information may be found at: www.citigroup.com.

© 2004 Citigroup Global Markets Inc., Member SIPC. Smith Barney and Consulting Group are divisions of Citigroup Global Markets Inc.  Smith Barney is a service mark of Citigroup Global Markets Inc. and its affiliates and is used and regi stered throughout the world. Citigroup and the Umbrella Device are trademarks and service marks of Citicorp or its affiliates and are used and registered throughout the world.




The Center on Philanthropy at Indiana University

The Center on Philanthropy at Indiana University is a leading academic center dedicated to increasing understanding of philanthropy and improving its practice in the United States and internationally. Through a wide array of research, professional development and training, academic degree, public service and public affairs programs in philanthropy, fundraising and nonprofit management, the Center on Philanthropy provides assistance to individuals, foundations and nonprofit organizations and is developing the next generation of philanthropic sector professionals, scholars and philanthropists.

The Center convenes conferences and seminars that bring together philanthropists, professionals and scholars to explore the latest issues in the philanthropic sector. Its many public service programs provide information, resources and training benefiting foundations, community foundation professionals, nonprofits, philanthropists and financial service professionals. The Women's Philanthropy Institute is a resource for women philanthropists and for professionals who wish to encourage women as donors. The Fund Raising School offers resources and training designed to meet the unique needs of philanthropic professionals, development staff, board members and volunteers. The Lake Family Institute on Faith and Giving explores the integral links between philanthropy and religion and how spiritual values influence philanthropic action. The Center on Philanthropy's unique, interdisciplinary approach encompasses more than 60 Philanthropic Studies faculty members in 21 disciplines who teach and conduct research a bout giving and volunteering, philanthropy and it's role in society and the economy. The Center provides basic and applied research on issues critical to the philanthropic sector.

Established in Indianapolis in 1987, the Center on Philanthropy is a part of the Indiana University School of Liberal Arts at Indiana University - Purdue University Indianapolis (IUPUI).  The Center is headquartered at IUPUI and operates program s on the IU Bloomington and IUPUI campuses.  For more information, visit their web site at: www.philanthropy.iupui.edu.

Contact:
Kimberly Atwater, Smith Barney
212-816-0132 or kimberly.atwater@citigroup.com

Adriene Davis, The Center on Philanthropy at Indiana University
317-278-8972 or adrldavi@iupui.edu

Elon Green, Ben-Abraham Associates
212-867-0131 or elon@benabe.com