Courtesy of Spelman College
Following an extensive search, globally renowned HBCU Spelman College has appointed TIFF Investment Management (“TIFF”) as its outsourced chief investment officer (OCIO) to steward its $500 million endowment and to continue the 29-year history of sustaining and strengthening the College’s endowment.
“The primary goal of our endowment is to ensure intergenerational equity, which creates access to educational opportunities for students both today and tomorrow,” said Helene D. Gayle, president of Spelman College. “TIFF demonstrates a clear understanding of our vision and priorities, and we are pleased to welcome their team to the Spelman family.”
“Spelman has an incredible culture, and we know that preserving the health of the endowment as we promote its growth will contribute to greater opportunity for the College’s students, staff and alumnae,” said Jessica Portis, head of member portfolio management and services of TIFF Investment Management. “We are deeply committed to ensuring that Spelman’s academic and investment excellence persists for decades to come.”
Spelman College, a private, historically Black college and a global leader in the education of women of African descent, is dedicated to the intellectual, creative, ethical, and leadership development of its students. With its strength in the liberal arts and in the sciences, Spelman empowers the whole woman to create positive, lasting change on campus and beyond.
“In our search for an investment partner, we wanted to be sure that their investment philosophy and values were aligned with our own mission,” said Dawn Alston, vice president for business affairs, chief financial officer, and treasurer at Spelman College. “A commitment to best practice throughout the portfolio, including a history of proactively sourcing diverse managers, strong active returns, and expertise in private equity, was of utmost importance to us.”
“We could not be happier to be a key contributor to Spelman’s continued success. We are keenly aware that Danny Flanigan and the broader Spelman team positioned the endowment well and we will strive to live up to that level of excellence on behalf of Spelman,” said Kane Brenan, chief executive officer of TIFF Investment Management.
