The Investment Company Institute Education Foundation has awarded the Robert Toigo Foundation a $20,000 grant to help fund its efforts in promoting greater diversity and inclusion in the financial services industry.
The $2.1 million Toigo foundation, Oakland, Calif., aims to foster the career advancement and leadership of underrepresented employees in finance and similar industries, as well as create mechanisms for greater diversity and inclusion. The ICIEF, Washington, the educational affiliate of the Investment Company Institute with $1.8 million in assets, partners with government agencies and other non-profit organizations to develop, deliver and promote investment education programs.
"A diverse and inclusive workforce is a priority for ICI and our members," said ICI President and CEO Paul Schott Stevens, who is also an ICIEF board member, in a news release. "I'm proud to announce our partnership with the Toigo Foundation, and I look forward to working with them on our shared commitment to advancing the careers of underrepresented talent."
Nancy Sims, president and CEO at the Toigo Foundation, said in the same news release that the foundation's work focuses on preparing and advancing diverse leaders by developing talent and encouraging financial firms to build a culture of inclusion where all can thrive.
"Our partnership will bring Toigo's best practices and thought leadership, as well as our talent, to an expanded base of prominent firms in the ICI circle," Ms. Sims said. "This reach and work are critical components to shifting today's leadership landscape and driving sustained change."