Many funders say racial and gender equity strengthens their grantmaking and aligns perfectly with their philanthropic mission. Thus, more foundations are interested in assessing the equitability of their operational practice.
So why haven’t we embraced equity as an issue within philanthropic fund management?
Although there are a number of high performing women and minority-owned asset management firms in the U.S., these firms are essentially shut out of the asset management market. Diverse-owned firms manage just 1.1 percent of the total assets in the $71 trillion asset management industry, including our own philanthropic endowments.
Join us for a discussion about how to bring an equity lens to your foundation’s fund management practices, whether you outsource or perform this function in-house. We’ll discuss the benefits and opportunities of investing funds with diverse-owned asset management firms and hear from foundation colleagues, including the Knight Foundation, who have undertaken steps to diversify their fund managers. Then we’ll engage together in a workshop to learn the steps fiduciaries can take to begin the journey of diversification. This will include exploration of case studies, as well as the opportunity for interactive questions that help you and your board consider what you can do at your foundation.
- Why structural inequities exist in asset management
- The imperative of diversifying fund management – financially and for mission alignment purposes
- What the data shows about how diverse asset managers perform. For example, studies demonstrate that funds managed by diverse asset managers often yield greater performance results for their clients than the broader market
- How you can allocate more of your assets with women and minority-owned asset management firms, including what steps you can take with your board
- Stephanie Bell-Rose, Senior Managing Director and Head, TIAA Institute; Trustee, Knight Foundation and Public Welfare Foundation
- Elizabeth Hewitt, Chief Investment Officer and Senior Vice President, Alfred P. Sloan Foundation
- Andrew Junkin, President, Wilshire Consulting
- Juan Martinez, Vice President and Chief Financial Officer and Treasurer, Knight Foundation
- Roy Swan (Opening Remarks), Director, Mission Investments, Ford Foundation
- Robert Raben (Moderator), President and Founder, The Raben Group
All interested funders, specifically CEOs of small to mid-sized foundations, Trustees, CIOs and/or foundation members' Outsourced CIOs, CFOs, COOs that work with Finance and Investment Committees and the Foundation Financial Managers Group (FFMG)
8:45 - 9:00 AM Check-in
9:00 AM - 12:00 PM Program
Members: To register yourself and/or a colleague at your organization, please log in and click the Register Now link above. (no fee)
Non-Member Funders: Please email firstname.lastname@example.org ($150 fee).
Please note: To ensure fairness among our members, we reserve the right to limit the number of attendees per organization for select professional development programs.
Please email email@example.com with any questions.