While we have seen gains through these efforts, there’s still a long way to go. We also help lead the Financial Services Pipeline Initiative, a collaboration of 20 Chicago-based financial firms working to strengthen recruitment, retention and promotion of diverse financial managers in Chicago financial institutions.
We began this work over a decade ago and realize it is an ongoing journey. Today, between 25% and 30% of the assets that we manage internally are invested with diverse managers, and we continue to achieve our investment return objectives. In particular, we are actively working to diversify the asset managers we work with to manage or $4.7 billion investment portfolio. Diversity in Asset ManagingĪt The Chicago Community Trust, we believe in using the financial levers at our disposal to advance equity. The Executive Committee of the Trust serves as the board of directors for the corporate entity.
The corporate entity, The Chicago Community Foundation, offers flexibility with respect to the funds’ investment management and has a broader geographic area of concern. The trust entity serves solely Cook County, and six Chicago-area banks serve as trustees for these funds. In the trust entity, the majority of The Chicago Community Trust’s assets are administered under the Declaration of Trust signed in 1915. Our structure includes both trust and corporate entities. The needs of our community and the interests of our donors are ever changing.
0 kommentar(er)
