Heifer International Foundation, Little Rock, Ark., is searching for a proxy voting service provider, confirmed Barry Bryant, managing director of Dahab Associates and consultant to the foundation.
The $75 million foundation is requiring that proxy voting be conducted within socially responsible investing restrictions, according to the RFP. Currently, the foundation uses its managers for proxy voting.
“Proxy voting is very important to Heifer, so the board wants to explore the possibility that a proxy service can provide an improved, more consistent product,” Mr. Bryant said in an e-mail.
The search applies to three equity mandates with a combined $22 million in assets, comprising about 92 stock positions.
The RFP is available on Dahab’s website. Proposals are due at 5 p.m. EDT May 15. A hiring decision is expected in June.