Wenatchee Valley College is seeking an outsourced CIO to provide investment services for its foundation.
A majority of the Wenatchee Valley College Foundation’s investment portfolio is permanently restricted endowment funds, making up roughly $15 million.
The foundation also holds investments in a high-interest savings account and certificate of deposit, according to the RFP posted on the Wenatchee, Wash.-based higher education institution’s website.
In addition to maximizing the available funding for scholarships, programs and operations, the OCIO will be responsible for designing, monitoring and evaluating a custom investment strategy for the foundation. The OCIO will also increase the foundation’s investment income with minimal impact to staff time.
Rachel Evey, executive director for the foundation, could not be immediately reached for more information.
Proposals are due by 5 p.m. PDT on May 30, according to the tentative timeline in the RFP. A selection committee comprised of the foundation’s staff interview finalists, and the board of directors expects to award the contract at their regularly scheduled meeting on June 16.
