The Greater Washington Community Foundation (The Community Foundation) is excited to announce a new strategic partnership with SEI, a leading asset manager with 450+ clients worldwide and $330 billion in assets under management. This includes partnerships with over 170 nonprofits, of which more than half have been working with SEI for more than 10 years. SEI works with 25 different community foundations across the country supporting their efforts to achieve their mission.
Under our partnership, SEI serves as The Community Foundation’s outsourced chief investment officer (OCIO). An emerging strategy among community foundations, this means that SEI serves as an extension of The Community Foundation staff, providing world-class investment expertise and constant focus on managing the charitable funds you have entrusted to us.
SEI is a large, global firm that makes significant annual investments in research tools and technology for investment and risk management. Because SEI has taken on full fiduciary accountability for the selection, oversight and replacement of money managers, The Community Foundation Investment Committee is able to focus more time on strategic initiatives, such as asset allocation and overall financial strength. The Community Foundation Board and Investment Committee believe this model will have great benefit in enabling us to best support our communities.
Who is SEI?
Global firm with U.S. headquarters in Oaks, PA
$89.7 billion in institutional assets under management (as of 9/30/2020)
170-plus nonprofit clients worldwide, with 24 community foundation clients
25-year track record in discretionary investment management designed to help improve efficiency and results
Significant infrastructure and resources with a dedicated group focused on understanding the needs of nonprofits
Named “Top OCIO Provider” at the Institutional Asset Management Awards two consecutive years
Named a leading outsourcer ranked by worldwide assets from 2011 through 2020 by Pensions & Investments
Ranked in the top 10% of money managers based on worldwide institutional client assets by Pensions & Investments