过渡到OCIO: Enhancing a 基金会's Mission Alignment

过渡到OCIO

Enhancing a 基金会's Investment Effectiveness 和 Mission Alignment

A community foundation embarked on a transformative journey to elevate its investment effectiveness 和 mission alignment. The following case study highlights a foundation’s transition from a longst和ing consulting relationship with Angeles to a fully discretionary, Outsourced Chief Investment Officer (OCIO) model, 转型背后的原因, 和 the Board’s decision-making process. This strategic leap not only streamlined investment processes but also enhanced the partnership 和 deepened mission impact.

变革的催化剂

A shift occurred when The Community 基金会’s longst和ing Executive Director announced his intention to retire. As he was the most experienced 和 seasoned investment professional on the team, the remaining Board felt it was a logical time to re-evaluate the investment structure. Recognizing the limitations of its existing model, especially in the wake of this change in leadership, the foundation sought a solution that would:

• 简化操作: Alleviate staff administrative burdens 和 free up internal resources for core grantmaking activities 和 operations.
• 改善治理: Transition portfolio discretion (e.g., hiring 和 firing managers) from the Board to the OCIO to allow the Board to focus on the foundation's strategic direction.
• 深化使命一致性: Craft a portfolio that directly reflects the foundation's four key grantmaking priorities: Racial Equity, Healthy Ecosystems 和 Environments, 蓬勃发展的青年和家庭, 和 a Just Economy 和 Economic Development.
• 驾驭私人市场: Gain seamless access to impactful private market opportunities to improve the foundation's ability to meet its long-term return objective.
• 建立更紧密的伙伴关系: Develop a collaborative relationship that transcended routine investment management, 结合正在进行的教育, 捐赠者的沟通, 管理支持, 和 acting as a true extension of the foundation's team.

Transition to OCIO Creates Positive Impact

The OCIO model forged a new partnership, transcending the typical investment consultant relationship. The results of the foundation’s journey:

• 深化合作关系: Angeles engaged with the foundation’s leadership to gain a better underst和ing of its mission, 愿景, 和目标. Angeles became a true extension of the foundation’s team, fostering collaboration 和 knowledge sharing.
• 流线型的操作: As Angeles took over administrative burdens, 包括现金管理, 再平衡, 私人市场文件, internal resources were freed up for strategic initiatives.
• 增加任务一致性: Portfolio alignment increased from 53% to 100% of the investment portfolio over a three-month period (the point at which the foundation selected Angeles as OCIO for portfolio implementation).
  
  

The new portfolio was aligned to the foundation’s four specific grantmaking priority areas with custom mission-related reporting (sample below):

• 加强私营市场准入: Streamlined participation in impact-driven private investments.
• 有吸引力的费用: 在整个过程中, 安吉利斯专注于收费, 和 while switching to the OCIO model raised the total OCIO fee paid, it resulted in a lower overall weighted manager fee across the portfolio.

结论

The foundation's story serves as a powerful testament to the transformative potential of the OCIO model for non-profits. By choosing Angeles as its partner, the foundation gained investment expertise 和 a dedicated ally 和 resource to support the pursuit of its mission. Its journey demonstrates that an OCIO relationship can be more than just outsourcing; it can be a catalyst for enhanced effectiveness, 更深层次的任务定位, 和, 最终, 对社会的影响更大.

Angeles Investment Advisors, LLC ("Angeles") is an investment adviser registered with the U.S. Securities 和 Exchange Commission. Registration does not imply a certain level of skill or training. More information about Angeles’ investment advisory services can be found in its Form ADV Part 2 和/or CRS形式, 哪一种是应要求提供的.

The community foundation named in this case study is a current client of Angeles. They were not compensated for any testimonials made about Angeles. Their individual experiences with Angeles may not be representative of any other person’s experience with the firm.