The Andrew W. Mellon Foundation's Financial Vice President and Chief Investment Officer, John E. Hull, will retire on March 31, 2018 at the completion of his 16th year of exceptional service at the Foundation. Hull has served under three presidents, four board chairs, and two investment committee chairs. The Board is immensely grateful for his dedication, wisdom, and steady stewardship.
In his role at the Foundation, Hull has overseen the management of the Foundation’s investment portfolio as assets have increased from approximately $4.1 billion in 2002 to approximately $6.5 billion in 2017. During that 15-year period, the Foundation disbursed in excess of $3.6 billion to grantees in support of the Foundation’s mission. During his tenure, Hull led the restructuring of the portfolio’s asset allocation, selected the Foundation’s first dedicated professional investment team, helped to restructure the finance office, and oversaw the construction and renovation of the Foundation’s headquarters.
Prior to joining the Foundation, Hull was the deputy comptroller for investments and cash management for the Office of the New York State Comptroller. During his 17 years in that role, Hull was responsible for the oversight of the New York State Common Retirement Fund, which had assets of approximately $24 billion in 1985 and in excess of $110 billion upon his departure. In addition, Hull oversaw the State Comptroller’s banking, cash management, and debt operations, and was the co-executive director of the New York State College Savings Program, which he helped implement in 1998.
Hull serves on the investment committee for St. Bonaventure University and was previously a member of the State Comptroller’s Investment Advisory Committee, a trustee at Bryn Mawr College, and a board member of the Municipal Securities Rulemaking Board. Hull was honored in 2014 by Institutional Investor as the “Large Foundation Manager of the Year” and in 1993 by the Municipal Forum of New York with their Lifetime Achievement Award for his contributions to the municipal board industry.
The Foundation has engaged Goldsmith & Co to support the search for the next chief investment officer.