Alice W. Handy Joins Foundation’s Council


Alice Handy 200The Foundation is pleased to welcome Alice W. Handy, a pioneer in institutional investing, to its Council, a group of passionate individuals who collaborate with the Board of Directors and Foundation staff to help build awareness and raise funds for focused ultrasound.

Alice is the founder, former president, and CEO of Investure, an outsourced investment office for colleges and foundations with $12 billion under management. The firm gained national attention in 2011 when Bloomberg Business News reported that it had “vanquished” Harvard and Yale’s endowment returns.

“We are incredibly fortunate to welcome Alice to the Council,” said Foundation Chairman Neal F. Kassell, MD. “While she has been an advocate for focused ultrasound for many years, we are delighted to formalize her involvement and benefit from her invaluable leadership perspective and national network.”

Before founding Investure, Alice served the University of Virginia for 29 years, beginning as its first investment officer, later becoming treasurer, and finally president of the University of Virginia Investment Management Company (UVIMCO). She was the treasurer of the Commonwealth of Virginia from 1988 to 1990.

Today, Alice guides world-class organizations that foster democratic processes, preserve history, and support the Charlottesville community. She serves on the Governing Council of the Miller Center at the University of Virginia and as chairman of the Miller Center Foundation board of directors. She also serves on the Executive Board of the United Way of Greater Charlottesville and the board of directors of New Mountain Capital. Alice generously contributes her expertise to the investment committees of the Thomas Jefferson Foundation, Monticello (where she was formerly board Chairman), the Smithsonian Institution, The American Friends of the National Gallery London, (which supports acquisitions for the National Gallery from American donors), the National Trust for Historic Preservation, the United Way of Greater Charlottesville, and the Charlottesville Area Community Foundation.

Alice’s interest in focused ultrasound is personal as well, as her family has a history of tremors. “I am always eager to spur new conversations about focused ultrasound and its potential to one day save countless lives,” Alice said. “It’s a rare thing to help advance a revolution in medical therapy, and I’m delighted to be serving on the Council with Jane Batten, with whose family I have had a longtime friendship.”