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credit line

also referred to as: credit lines

3 statements across 2 episodes · 0 bullish · 0 bearish · 2 people on the record · first statement Apr 18, 2022 by Tom Lenehan · across every show →

Everything said about credit line, oldest first

Apr 18, 2022 neutral
Disclosure
Wallace Foundation secured a $50M credit line for liquidity cushion
“So we're two billion dollars in AUM, our five percent Target is roughly a hundred million dollars. So half of that, fifty million dollars is what we took out.”
Tom Lenehan Apr 18, 2022 ▶ 41:00 Tom Lenehan – Taking the Helm at the Wallace Foundation (Capital Allocators, EP.246)
Apr 18, 2022 neutral
Assertion Not publicly verifiable
Lenehan: Half of US foundations maintain credit lines
“When we did our research, about half of the foundations in the country have credit lines, half don't.”
Tom Lenehan Apr 18, 2022 ▶ 40:34 Tom Lenehan – Taking the Helm at the Wallace Foundation (Capital Allocators, EP.246)
Dec 19, 2022 neutral
Assertion Supported
Marshall: Foundations cannot use credit lines to buy market dislocations
“Many of us have credit lines in place to be able to fund the granting parts of the organizations, but you can't use credit lines to lean into a dislocation. For lots of tax reasons. If you think a dislocation is coming, you need to have cash to be able to even…”
Ana Marshall Dec 19, 2022 ▶ 20:38 Ana Marshall – Preparing for the New Environment at Hewlett (Capital Allocators, EP. 288)
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