Racial Equity Investing: A Primer for College and University Endowments l Intentional Endowments Network, August 2020
Gender Lens Investing: A Primer for College and University Endowments l Intentional Endowments Network, March 2019
Gender Lens Investing Landscape: Barriers & Opportunities l Q&A Coordinated by The Intentional Endowments Network, July 2018
Allocating to Diverse Owned Asset Managers | Intentional Endowments Network, August 2020
Incorporating Diversity, Equity, and Inclusion (DEI) Factors in the Investment Process | Intentional Endowments Network, November 2018
Gender Lens Investing: The Business Case, Opportunities, and Action | Intentional Endowments Network, February 2017
Other Resources for Getting Started
DAMI's Fiduciary Guide to Investing with Diverse Asset Managers and Firms Diverse Asset Managers Initiative, April 2017
A go-to guide for institutional investors - trustees and staff- that provides financial and social rationale for inclusion of diverse asset managers in institutional portfolios. The guide provides easy to navigate resources for engaging board members on the topic, coming to consensus, creating policy, sourcing diverse asset managers and working with your consultant. Template letters to board members and consultants with a list of questions and resources are included as well as template investment policy language.
Diverse Asset Managers in Philanthropy Study Global Economics Group, February 2020
Knight Foundation asked Global Economics Group to assess the representation of diverse asset managers among the top 50 U.S. foundations by size, focusing on the representation of women- and racial or ethnic minority- owned investment firms (“diversely-owned firms”). Of the 26 foundations that supplied sufficient data, all but 4 foundations were investing some portion of their assets with diversely owned firms and over half had more than 10% of their assets with such firms.
Diverse Asset Managers in Philanthropy Articles February 2020
The Carnegie Corporation of New York, The Rockefeller Brothers Fund and the Silicon Valley Community Foundation discuss the imperative and reward of investing with diverse-owned firms.
Diversifying Capital: Betting On Women And Investors Of Color (Forbes), July 2019
The global need to address access to capital inequities is greater than ever and it lies with putting women and investors of color at the forefront. When the venture capitalist calling the shots start to diversify, so will the capital commitments to founders of color who are shifting the paradigm and building economically solvent companies.
Modest Improvement' Seen for Industry on Greater Diversity Effort (Pensions & Investments), July2019
The venture capital industry is by no means diverse, but more firms are implementing strategies to hire and retain women and minority investment executives, the second edition of the National Venture Capital Association-Deloitte Human Capital Survey shows.
Gender Lens: Bending the Arc of Finance for Women and Girls | Veris Wealth Partners, 2018
Peer Examples and Sample Policies
The Chicago Community Trust Statement of Investment Policy - 2018, Full Investment Policy Statement that includes Investment Management Diversification Policy
Georgetown University reports the demography of their managers - July 2020
Inquiry into the Use of Diverse Asset Managers by College and University Endowments, and Related Diversity and Inclusion Practices - Fall 2020, US House of Representatives
- Response letters to the inquiry from 24 university endowments: University of California | The University of Chicago | Columbia University in the City of New York | Cornell University | Duke University | Dartmouth College | Emory University | Harvard University | Johns Hopkins University | Massachusetts Institute of Technology | University of Michigan | Northwestern University | The Ohio State University | University of Pennsylvania | Princeton University | Rice University | Stanford University | University of Southern California | The University of Texas System | The Texas A&M University | Vanderbilt University | University of Virginia | Washington University in St. Louis | Yale University
Sources for Diverse Asset Managers
ABFE’s Directory of Minority and Women-Owned Investment Manager Firms - 2nd Quarter 2016
Gender Equality Funds l As You Sow
List of Investment Funds, Advisors, and Accelerators Led By Entrepreneurs of Color | Mission Investors Exchange