Greg Donaldson, founder of Donaldson Capital Management, has deep experience in the investment industry in a variety of capacities, since starting in 1975. Greg is a 1970 graduate of Purdue University with a BS degree in Industrial Economics. Following graduation, Greg moved to Indianapolis, Indiana, where he began his career as a Communications Consultant with Indiana Bell. He says his favorite job during his five years at the “Phone Company” was heading the marketing department’s new consumer and business products area. In that role, he first became familiar with the company’s early product offerings in digital technology.
During this same time Greg and a friend started a parking lot company, which grew to be the second largest such company in Indianapolis. The company was later sold to the largest parking lot operator in the country.
In May 1975, Greg left Indiana Bell to join Traub and Co., a boutique investment banking firm specializing in bonds. He opened the firm’s Evansville office in 1976. Five years later he left Traub and started a branch office for Raffensperger, Hughes & Co., at the time, the largest equity-oriented investment firm headquartered in the state of Indiana. At Raffensperger Hughes, he would become a life-long friend and understudy of the company’s president, Gene Tanner, one of the most widely respected investment minds in the Midwest. Greg says that Gene Tanner not only taught him a lot about investing in stocks, but also how to deal with clients in a considerate and instructive way.
In 1991 with Mr. Tanner’s encouragement and backing, Greg co-founded Raffensperger Hughes Investment Advisors (RHIA), the money management arm of Raffensperger Hughes and Co. Out of that venture came The Sagamore Funds, a family of mutual funds that included The Sagamore Bond fund, which Greg managed and in 1993 was ranked as one of the top performing bond funds in the country. It was also during this time that Greg began to discover and develop the principles of investing that led to the Rising Dividend investment strategy.
Greg, a leader and innovator in his industry, helped reorganize RHIA into a much larger enterprise when it became a direct subsidiary of one of Indiana’s largest companies, the Associated Group. This new company was renamed Anthem Capital Management and its products, services, and staff were dramatically increased. At Anthem Capital, Greg was instrumental in forming a trust company and helping to co-found the Anthem Funds, a family of eight mutual funds. During his time at Anthem, he managed or co-managed his first dividend-oriented fund, a government securities fund, and a municipal bond fund.
Wanting to run his own shop, Greg left his friends at Anthem in late 1994 and started Donaldson Capital Management. Greg credits the confidence to start his own firm to his many years working with his mentor Gene Tanner.
Greg is an Investment Advisor at DCM, as well as a member of the Sustainability Committee. Greg serves on the Board of Directors for St. Mary’s Health Systems and is Chairman of St. Mary’s Audit Committee. In addition, he serves on the board of the Pumphrey Foundation, Donaldson Research Partners, LLC, and Donaldason Family, LLC, while actively investing in small start-up companies. He and his wife, Joyce, are members of Redeemer Lutheran Church. They have two sons, Justin and Nick.