Broward College, Davie, Fla., hired Fund Evaluation Group as investment consultant for its $77 million foundation.
The hiring is pending contract negotiations, according to a posting on the DemandStar procurement website.
The college issued a request for letter of interest for a consultant in November. The name of the current consultant was not available.
As of Sept. 30, the foundation's actual allocation was 59% fixed income, 27% cash and 14% public equities.
Orlando Aponte, procurement contracting officer, could not be immediately reached to provide further information.