投资的洞察力
过渡到OCIO:加强基金会的使命一致性

过渡到OCIO

提高基金会的投资效率和使命一致性

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, 外包首席投资官(OCIO)模式, 转型背后的原因, 以及董事会的决策过程. 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. 因为他是团队中最有经验和经验的投资专家, 其余的董事会成员认为，现在是重新评价投资结构的合理时机. 认识到现有模式的局限性, 尤其是在领导层换届之后, 基金会寻求一种解决方案:

• 简化操作: Alleviate staff administrative burdens 和 free up internal resources for core grantmaking activities 和 operations.
• 改善治理: 过渡投资组合自由裁量权(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, 健康的生态系统和环境, 蓬勃发展的青年和家庭, 公正的经济和经济发展.
• 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: 发展一种超越常规投资管理的合作关系, 结合正在进行的教育, 捐赠者的沟通, 管理支持, 作为基金会团队的真正延伸.

向首席信息官的过渡产生积极影响

The OCIO model forged a new partnership, transcending the typical investment consultant relationship. 基金会旅程的结果是:

• 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. 安吉利斯成为了基金会团队的真正延伸, 促进合作和知识共享.
• 流线型的操作: 安吉利斯接管了行政负担, 包括现金管理, 再平衡, 私人市场文件, 腾出内部资源用于战略行动.
• 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: 精简参与影响驱动的私人投资.
• 有吸引力的费用: 在整个过程中, 安吉利斯专注于收费, 在切换到OCIO模式时，提高了OCIO支付的总费用, 这导致整个投资组合的加权经理人费用总体较低.

结论

The foundation's story serves as a powerful testament to the transformative potential of the OCIO model for non-profits. 选择安吉利斯作为合作伙伴, 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. 美国证券交易委员会. 注册并不意味着一定水平的技能或培训. More information about Angeles’ investment advisory services can be found in its Form ADV Part 2 和/or Form CRS, 哪一种是应要求提供的.

本案例研究中提到的社区基金会是Angeles的当前客户. 他们没有因为任何yabo亚博网站登录首页yabo亚博网站登录首页的推荐而得到补偿. Their individual experiences with Angeles may not be representative of any other person’s experience with the firm.