Foundation RFP for Investment Management Services
The Mt. Pleasant Area Community Foundation (MPACF) has more than $20,000,000 in endowed assets and is requesting proposals for custody and investment management services from qualified financial service organizations. Proposals must be submitted to our office by 5:00pm on June 4, 2018 in the format provided in the Request for Proposals (RFP).
Our timeline is as follows:
April 2 RFP posted online at www.mpacf.org
June 4 Proposals submitted to MPACF
June 19 Finance Committee determines 3-5 providers to invite for presentations
July/August Presentations from providers to Finance Committee
September 18 Finance Committee recommendation made
October 25 Board of Trustees selects service provider(s)
One original proposal with signatures, and ten (10) additional copies for review by our Finance Committee, must be submitted.
Some of our assets have been managed by Fund Evaluation Group (FEG) since 2004, and by Isabella Bank/Financial Counselors, Inc. (FCI) since 2011. It is our policy to seek competitive proposals from investment management service providers every 5-7 years.