MRI/Social Investments
The foundation has hired three firms to develop and advise its place-based impact investment program after conducting an invitation-only RFP process last year following the departure of an impact investment staff member.
Sohel Hussain took the reins as v.p. of investments and finance at the Meyer Memorial Trust in October 2023. He took the time to answer five questions with FIN News.
The foundation has expanded its commitment to impact invests that advance health equity in communities that have faced a historic lack of investment with a new allocation that more than doubles the foundation’s previous commitments.
The foundation has teamed up with an women-owned impact investment manager to launch an impact investment fund focused on health equity across several states.
The foundation is looking to allocate to impact or mission-aligned investments across fixed-income and equity markets as it begins to explore similar investments in the private markets.
The foundation is considering hiring an investment manager or outsourced cio to help align its investment portfolio with its mission of expanding local access to music education.
The state is seeking a firm to help create a special purpose vehicle for in-state investments.
The community foundation has hired a discretionary advisor to manage its portfolio following an RFP process.
The foundation is looking to allocate more of its endowment to diverse-owned managers and impact investments within Native American communities after approving a new strategy in the fourth quarter.
The university approved an impact investment policy statement in the first quarter that aims to invest 0% to 25% of its assets in impact investments.