Broward College Foundation Inc., Fort Lauderdale, Fla., hired CAPTRUST Financial Advisors as investment consultant, according to an award notice on the DemandStar procurement website.
The foundation issued an RFP in March due to the pending expiration of the contract of incumbent consultant Fund Evaluation Group. The RFP did not disclose whether FEG was eligible to rebid for the services.
According to the foundation's most recent available annual report, its endowment had $119 million in assets as of June 30, 2022. CAPTRUST will also oversee the college's non-endowment investment pools totaling about $69 million.
