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Foundation Investment Management Practices: Thoughts on Alpha and Access for the Field

Aug 3, 2012

As the first affinity group recognized by the Council on Foundations, the Association of Black Foundation Executives (ABFE) has been an advocate and catalyst for diversity, inclusion and equity in the field of philanthropy. This advocacy has ranged from increasing diversity among foundation leadership and staff, to promoting greater awareness of grantmaking for impact in Black communities. An area yet addressed by ABFE is the inclusion of diverse investment managers in the management of foundation endowments. ABFE is extending its advocacy platform to focus on increasing opportunities for minority-owned management firms to act as fiduciaries on behalf of foundations and endowments.