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The foundation has added three nonprofit leaders to its board of directors with one expected to join its finance and investment committee, which oversees the organization’s endowment.
The university system is seeking a retirement plan administrator and record keeper for its 401(a) and 403(b) defined contribution plans.
The system approved a growth private equity commitment with an existing manager within its endowment at its Feb. 1 board meeting.
The investment officer will support the management of the plan’s approximately $13 billion public equity portfolio.
The university hired two investment analysts late in the third quarter to help oversee its endowment.
The foundation is looking to allocate to new impact investments this year as part of its three-year impact investment program targeting housing and healthcare outcomes in addition to a return of capital committed.
The university hired a new investment advisor to oversee and manage its endowment in the fourth quarter following an RFP process approved in the second quarter of 2022.
The institution will consider a venture capital commitment to a recently launched investment manager at its board meeting this week.
The foundation made an investment in an initiative that aims to increase capital access for Black/African-American, Latinx, Native American and other people of color-led businesses, nonprofit organizations, financial intermediaries and venture funds.
The cfo will be leaving the mid-Atlantic-based university in March to join another mid-Atlantic-based institution as its next cfo.