Outer Banks Community Foundation, Southern Shores, N.C., is searching for an investment manager, said Lorelei Costa, executive director.
The $12 million foundation is required to put services up for bid periodically; incumbent Trust Company of the South is invited to rebid.
The foundation's target allocation is between a 55%-45% and 70%-30% balance of equity and fixed income, with real estate as part of the equity allocation.
The RFP is on the foundation's website. Proposals are due on June 30. A decision is tentatively expected by Sept. 4.