Northern Trust has been selected to provide OCIO (outsourced chief investment officer) services for Minnesota State University, Mankato Foundation, based in Mankato, Minnesota.
Minnesota State University, Mankato Foundation will be serviced by Northern Trust’s Foundation and Institutional Advisors team which provides OCIO services for mid-sized non-profit organizations.
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Northern Trust will manage approximately $45 million for the foundation.
By encouraging and stewarding sustained philanthropic support from alumni and friends, Minnesota State University, Mankato Foundation seeks to enhance the University’s ability to achieve its mission of promoting learning through effective undergraduate and graduate teaching, scholarship and research.
James H Field, CFA, head of Northern Trust’s Minnesota office, said: "We feel privileged and proud to serve Minnesota State University, Mankato Foundation on behalf of the students, alumni, benefactors, faculty and the Board of Directors."
As an OCIO, Northern Trust provides investment advice, asset servicing and other related services to help non-profit organizations achieve their financial and philanthropic goals cost-effectively.
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By GlobalDataNorthern Trust collaborates with board and investment committee members to assist them with their investment oversight duties and governance.
