Broward College Foundation Inc., Fort Lauderdale, Fla., is searching for an investment consultant.
The foundation is seeking proposals from consultants that can assist its finance and investment committee in services including the ongoing review of the investment structure of its endowment and non-endowment assets, the development of guidelines for asset class rebalancing and the conducting of manager searches, according to an RFP on the DemandStar procurement website.
The RFP discloses that the contract of current consultant Fund Evaluation Group will expire July 27 but not whether the firm is 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. The selected consultant would also oversee the college's investment pools totaling about $69 million.
The RFP is available on DemandStar. Registration is required. Proposals are due by 2:30 p.m. EDT on April 2. A timeline for a selection was not provided.
Rabia Azhar, the college's chief financial officer, could not be immediately reached for further information.
