Bernstein Promotes Clare Golla To National Head Of Endowment And Foundations

CHICAGO, July 9, 2018 /PRNewswire/ -- Bernstein Private Wealth Management ("Bernstein"), a unit of AllianceBernstein L.P ("AB"), today announced Clare Golla has been promoted to its national Head of Endowment and Foundation Advisory Services. In this role, Clare will be responsible for continuing to develop Bernstein's platform of investment services and related solutions for endowments, foundations and other nonprofit organizations nationally.

"Bernstein has been innovating for over five decades to help endowments and foundations achieve their goals," said Clare Golla, Head of Endowment and Foundation Advisory Services at Bernstein. "Today, we are witnessing a sea change, both in the investment environment and the business of philanthropy. Organizations face complex challenges – ranging from demanding fiduciary standards, to increasing market volatility, inflationary pressures, and historically lower stock and bond returns over the next several years that could make it difficult for nonprofits to sustain distributions and grow portfolio assets. These organizations need a trusted fiduciary partner on the investment front, so they can stay focused on what matters most – achieving their respective missions."

In addition to heading up Bernstein's endowment and foundation advisory services, Clare is a Managing Director in the firm's Chicago office, where she has dedicated her practice to her passion, expertise and deep network with nonprofit institutions. A Bernstein veteran of nearly a decade, Clare is a member of AB's global Responsible Investing Committee as well as its national Philanthropy Services team, which works with philanthropic families and individuals and the not-for-profits that they support. Prior, she led the national institutional practice for a leading community development financial institution, building its presence in the philanthropic marketplace.

She has served on numerous boards and finance committees including the Oak Park–River Forest Community Foundation, Gary Comer Youth Center, Chicago Foundation for Women, and the Harvard Club of Chicago.

"We believe endowments and foundations can do better by working directly with an investment manager who understands their unique needs, and can integrate strategy and implementation," said Dave Barnard, Head of AB Bernstein. "Clare's experience and track record in the nonprofit world is extraordinary and we're thrilled to have her in a role with national scope, benefiting even more of our clients."

About Bernstein
Bernstein Private Wealth Management, a unit of AllianceBernstein L.P. (AB) provides investment planning advice and services to individuals, families, endowments, foundations and other financial guardians, so that they can reach their long-term investment objectives. Our global research enables us to customize a portfolio that suits any type of investment goal, income need, tax situation or tolerance for risk. And we use proprietary, centrally managed investment strategies that ensure every client receives the firm's best thinking on opportunities and risk control. For more information, visit www.bernstein.com.

About AllianceBernstein
AllianceBernstein is a leading global investment management firm that offers high-quality research and diversified investment services to institutional investors, individuals and private wealth clients in major world markets.

As of March 31, 2018, including both the general partnership and limited partnership interests in AB, AB Holding owned approximately 35.8% of AB and AXA, a worldwide leader in financial protection, owned an approximate 64.4% economic interest in AB.

Additional information about AB may be found on our website, www.alliancebernstein.com.

SOURCE Bernstein Private Wealth Management

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