The Florida Prepaid College Program selected nine investment managers to provide access to their commingled offerings to its prepaid program, savings program, ABLE program and foundation, according to an intent to award notice on its website.
Approximately 40 institutions will be affected by last year’s approved excise tax on net investment income of private colleges and universities, according to proposed regulations from the Internal Revenue Service.
The Oklahoma State University Foundation has approved the formation of Multilateral Endowment Management Company (MEMCO), a nonprofit investment management company responsible for providing advisory services to the foundation, affiliated nonprofits and other philanthropic organizations, Foundation CIO Ryan Tidwell said, in an e-mail.
The University of Michigan is searching for a manager of investments to assist in the oversight of its approximately $14 billion in financial reserves, including its $12.2 billion endowment.
CBIZ Inc. acquired “substantially all the assets” of investment consulting firm Gavion on July 1, CBIZ Director of Corporate Relations Lori Novickis confirmed.
Bruce Zimmerman was named cio of the Dalio Family Office and Dalio Philanthropies this month.
Loyola University Maryland is seeking an investment and treasury analyst to manage the institution’s banking, treasury and investment operations.
Ascension President and COO Joseph Impicciche took over as ceo of the St. Louis-based nonprofit hospital system on July 1, according to an announcement.
Wesleyan University is searching for an investment analyst to assist in the management of its approximately $990 million endowment.
A Maryland college hired an investment advisor in the second quarter.