Endowment, Foundation & TEO

Parallel Advisors provides full fiduciary advisory services to the Investment Committees and Boards of Directors of Foundations, Endowments and all types of Tax-Exempt Organizations (TEO). As an independent fiduciary advisor we apply our broad skillset, free from conflicts of interest, helping you understand and fulfill your fiduciary responsibility and freeing up valuable time so you can focus on the core mission of the organization.

Services provided to TEO’s include, but are not limited to:

Investment Policy Statement Design and Review

Simply Better Plan Design

Investment Policy Statement Design and Review

The Investment Policy Statement (IPS) contains criteria for the selection, monitoring and replacement of investments. A target asset allocation across asset classes and styles, as well as a targeted rate of return. The IPS will state the monitoring criteria, as well as the institutional benchmark against which the investment performance will be measured. The all-important practice of re-balancing the portfolio to optimal allocations lends control against risk and volatility. Parallel professionals design and recommend IPS documents, with the fiduciary protection of the Committee members of utmost concern. 

Spending Policy Design

Target Date Fund Consulting

Spending Policy Design

The Spending Policy recognizes the link between the Organization’s endowment with its long-range strategic plan. How the Organization spends its endowment is calculated according to its program-related and capital needs. A sustainable withdrawal rate, overlaid against the success of development efforts, must also be considered.

Compliance with UPMIFA

Compliance with UPMIFA

Uniform fiduciary standards of care, set forth in legislative acts such as the Uniform Prudent Management of Institutional Funds Act are continually observed for compliance.

Portfolio Design

Investment Analysis

Portfolio Design

Conforming to the asset allocation criteria referenced in the IPS, Parallel professionals rely upon independent research and sophisticated computer modeling to arrive at risk-based portfolios designed to meet the ongoing needs of the TEO. Standards such as Environmental, Social and Governance (ESG) investing will be a priority where mandated. Broader diversification into Alternative Investments such as hedge funds, private equity and long-short strategies may provide TEO portfolios additional potential for decrease in risk and volatility, higher returns and greater cash flow.

Partnering with Development Committee

Employee Engagement

Partnering with Development Committee

By participating with the TEO and its representatives in fund raising meetings and campaigns a greater confidence can be imparted to prospective donors that their donations will be incorporated into a highly sophisticated investment advisory process, donations and contributions will follow in numbers and size.