• Home
  • News
  • Fortune 500
  • Tech
  • Finance
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Exclusive: Casey Foundation CIO retires

By
Dan Primack
Dan Primack
Down Arrow Button Icon
By
Dan Primack
Dan Primack
Down Arrow Button Icon
August 7, 2012, 8:43 PM ET

FORTUNE — Sometimes it’s actually best to ask a question when you don’t know the entire answer.

In this morning’s Term Sheet email, I wrote the following blind item: Can you name the chief investment officer of a VC/PE-friendly foundation who just quit? 

The person I had in mind was Harold Bradley, who is leaving the Ewing Marion Kauffman Foundation (read more). But some readers thought I was talking about someone else: Burt Sonnenstein, chief investment officer for the $2.7 billion Annie E. Casey Foundation.

Turns out Sonnenstein also has given notice, after more than a 10-year run. Word is that there is a succession plan in place, but the organization is not yet providing specifics. No word yet on who is successor will be, or if one has been selected.

Sonnenstein also was unavailable for comment, with an assistant saying he would be “in and out of the office over the next few weeks.”

Prior to joining the Casey Foundation, Sonnenstein was president and CEO of United Educators Insurance for 11 years. Before that, he was VP of finance and administration at Wellesley College in Massachusetts and treasurer of Wesleyan University in Connecticut.

Through the end of 2011, Casey Foundation assets included around $600 million in both public equity and hedge fund investments, plus another $419 million in private equity investments. The public equities piece does not include around $416 million in UPS (UPS) common stock. Annie Casey was the mother of UPS founder UPS founder James Casey, who set up the foundation alongside his siblings.

Sign up for Dan’s daily email newsletter on deals and deal-makers: GetTermSheet.com

About the Author
By Dan Primack
See full bioRight Arrow Button Icon

Latest in

Raul Rocha Cantú
LawCrime
Miss Universe co-owner gets bank accounts frozen as part of probe into drugs, fuel and arms trafficking
By Fabiola Sánchez and The Associated PressDecember 6, 2025
3 minutes ago
Epstein
LawJeffrey Epstein
Epstein grand jury documents from Florida can be released by DOJ, judge rules
By Mike Schneider, Michael R. Sisak and The Associated PressDecember 6, 2025
9 minutes ago
Sarandos
InvestingM&A
Netflix’s $5.8 billion breakup fee for Warner among largest ever
By Elizabeth Fournier and BloombergDecember 6, 2025
23 minutes ago
index
Investingindex funds
Quant who said passive era is ‘worse than Marxism’ doubles down
By Denitsa Tsekova, Vildana Hajric and BloombergDecember 6, 2025
2 hours ago
meta
LawSocial Media
‘Its own research shows they encourage addiction’: Highest court in Mass. hears case about Instagram, Facebook effect on kids
By Michael Casey and The Associated PressDecember 6, 2025
2 hours ago
Zaslav, Sarandos
BankingMedia
A Thanksgiving dealmaking sprint helped Netflix win Warner Bros.
By Michelle F. Davis and BloombergDecember 6, 2025
2 hours ago

Most Popular

placeholder alt text
Economy
Two months into the new fiscal year and the U.S. government is already spending more than $10 billion a week servicing national debt
By Eleanor PringleDecember 4, 2025
2 days ago
placeholder alt text
Success
‘Godfather of AI’ says Bill Gates and Elon Musk are right about the future of work—but he predicts mass unemployment is on its way
By Preston ForeDecember 4, 2025
2 days ago
placeholder alt text
Success
Nvidia CEO Jensen Huang admits he works 7 days a week, including holidays, in a constant 'state of anxiety' out of fear of going bankrupt
By Jessica CoacciDecember 4, 2025
2 days ago
placeholder alt text
Success
Nearly 4 million new manufacturing jobs are coming to America as boomers retire—but it's the one trade job Gen Z doesn't want
By Emma BurleighDecember 4, 2025
2 days ago
placeholder alt text
Big Tech
Mark Zuckerberg rebranded Facebook for the metaverse. Four years and $70 billion in losses later, he’s moving on
By Eva RoytburgDecember 5, 2025
23 hours ago
placeholder alt text
Real Estate
‘There is no Mamdani effect’: Manhattan luxury home sales surge after mayoral election, undercutting predictions of doom and escape to Florida
By Sasha RogelbergDecember 4, 2025
2 days ago
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.