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Foundation’s board is led by an assistant v.p. of risk and analytics at CarMax and includes a v.p. of investments and private client advisor with J.P. Morgan.

The university is creating a sizeable endowment to support scholarships for disadvantaged students that also includes a venture fund for student and alumni entrepreneurs.

The commitment appears to represent a new relationship for the university.

Hire formerly served as head of structured product sales and development at Credit Suisse.

The search follows the plan’s approval of a one-year agreement with incumbent Innovest Portfolio Solutions.

The plan approved a re-up commitment of up to $20 million in May.