Advanced Philanthropic and Investment Solutions. for Nonprofit Institutions

Transcription

1 Advanced Philanthropic and Investment Solutions for Nonprofit Institutions

2 Services and solutions for endowments, foundations and other philanthropic organizations TIAA-CREF offers endowments and foundations a broad range of investing and philanthropic expertise. Our teams of specialists, analysts and portfolio managers understand the dynamics and opportunities that are specific to you. They are experienced and adept at developing customized strategies targeting your goals. Portfolio construction Customized asset allocation Investment manager vetting, selection and monitoring Philanthropic advice and guidance Trusts Recordkeeping Custody services Sub account reporting Gift processing and valuation Donor-restricted funds Funding partnerships

3 A complete, single-source solution TIAA-CREF helps endowments and foundations invest and operate more efficiently. Today, nonprofit organizations, as well as their endowments and foundations, are being asked to do more, to provide support for expanding missions and initiatives and reliably meet their distribution obligations. That s why so many organizations need a higher level of guidance and investment management and why so many of them turn to TIAA-CREF. In fact, a large number of these institutions already know us through our administration of their retirement programs. On any given day, you ll find us working with the leadership of America s most prestigious colleges, universities, hospitals, museums and charitable organizations. Also, you ll find that donors large and small rely on us for retirement investments, insurance, portfolio management and estate planning services. In helping you pursue your goals, we think you ll find that TIAA-CREF has the kind of nonprofit experience, perspective and insight that few other organizations, if any, can match. TIAA-CREF is committed to helping your endowment pursue its goals with advanced portfolio management, customized services and guidance for today and for the generations that follow. Start here and start now to see how we can help your institution advance its mission. 1

4 Endowment management Investment strategy designed for long-term capital appreciation TIAA-CREF s portfolio strategists work with CIOs and investment committees to understand their current policies and processes and help shape them to take on the realities and opportunities of today s investment landscape. Evaluating the present TIAA-CREF portfolio managers use a disciplined methodology to analyze and assess each asset in your present allocation. We look at each holding in terms of its return and/or riskmitigation characteristics, projected value and utility to your objectives. Because of our rigorous self-discipline, we often pinpoint assets whose targets have been achieved, or whose fundamentals are no longer attractive, or have otherwise outlived their utility to the portfolio. Modeling the future Once we understand your endowment s objectives, we can develop sophisticated models for each asset class to understand the potential impact on your portfolio and its payout. We also work to understand how much liquidity you need given your payout expectations and any private equity capital requirements. Investing for today TIAA-CREF s portfolio management teams can develop a highly customized asset allocation strategy consistent with your investment policy, including opportunities only available to well-capitalized institutional investors. and tomorrow We have also created or co-founded several specialized real asset funds in areas such as real estate, timber, agriculture and energy. In addition to offering the potential for long-term capital appreciation, these opportunities include favorable demand and supply fundamentals, steady income, nontraditional portfolio diversification and inflation-hedging characteristics. 10 key questions for the CIO 1. What are your objectives for the next three, five, ten and twenty years? 2. What factors determined the present makeup of your allocation? 3. What is your overall investment performance? 4. What are your aggregate investment expenses? 5. How has your manager selection criteria evolved over the last three to five years? 6. What is your present payout and what are the expectations for future distributions? 7. How much liquidity does your endowment have and how much does it need? 8. How much risk is comfortable given the size of your asset base and donor flow? 9. What is the structure of your governance? 10. What are your key sources of revenue? 2

5 Planned Giving Helping you achieve your planned giving goals Through its group of companies, TIAA-CREF is one of the largest managers of planned gifts in the country. Clients include many of the nation s pre-eminent educational, medical, religious and service organizations. These institutions have access to highly integrated services to help them create more valuable gifts, increase donor satisfaction and reduce risk. Exceptional fundraising and stewardship Your organization can advance its mission with customized policy consulting services that offer training, materials and support to help your staff effectively identify, negotiate and secure valuable gifts and successfully steward ongoing relationships. Sophisticated asset management Our asset management approach is designed to produce competitive returns, as well as reduce downside risk, lessen payment volatility and provide strong after-tax results for beneficiaries. Efficient gift administration Institutions seek out TIAA-CREF s deep experience, integrated processes, and specialized systems to enhance donor satisfaction and manage institutional risk. The firm efficiently and effectively administers all types of planned gifts, provides timely and accurate beneficiary payments and strives for timely annual delivery of all trust K-1s. Effective management and oversight Your dedicated service team can help you establish policies and processes that support planned giving program success, employ best practices and measure results. Your team can also monitor your programs and the industry to pinpoint emerging issues, opportunities and risks. In addition, you ll have a wide range of reports to ensure senior staff and trustees are well informed and understand how your program results compare to those of your peers. Managing charitable giving options TIAA-CREF can work with your philanthropy team, donors and their advisors to help them plan gifts efficiently: Outright gifts Bequests Life insurance Retirement account assets Charitable Lead Trusts Charitable Remainder Trusts Charitable Gift Annuities 3

6 When you add it all up... Supporting your objectives with experience and customized capabilities At TIAA-CREF, we know firsthand that efficient, effective and productive endowment management is vital to your institution. Our organization is proud to have played a role in helping so many institutions meet the ever-increasing demands of today and explore the possibilities of tomorrow. Our commitment to endowments and foundations is dynamic, evolving and expressed in many ways some obvious, some in the background, yet all vitally important. For example, we ve built an industry-leading process for investment and planned giving management, reporting, monitoring and compliance. This means you get strategies and insight in real time, as you need them. You ll also find that, because of the collective power of our hundreds of billions of dollars under management, we have access to some of the most sophisticated investment thinking and management available anywhere. But our most important contribution to your endowment is our team professionals who are dedicated to the best interests of your portfolio, your institution and the people it serves. Across each of our business units, you ll find a desire to understand and embrace your mission, build relationships and get things done. In fact, wherever you find nonprofits advancing extraordinary ambitions, you ll often find TIAA-CREF s experience, expertise and commitment to long-term value. It s the kind of dedication and capability we d like to bring to you and your institution. Starting here, starting now. 4

7 TIAA-CREF offers an extraordinary range of talent, experience and service to help support and enhance every aspect of nonprofit asset management. Our capabilities and commitment put us in a unique position to deliver a whole new world of opportunity and innovation to the two places it s needed most today and tomorrow. Let s discuss how we can help you. Call Kathryn Karlic, CFA, Senior Vice President, Marketing at or EndowmentsandFoundations@tiaa-cref.org. 5

8 This brochure is directed only to institutional investors. Past performance is not indicative of future results. The information in this brochure should not be regarded as a recommendation or an offer to buy or sell any product or service to which this information may relate. Certain products and services may not be available to all entities or persons. TIAA-CREF Asset Management provides investment advice and portfolio management services to the TIAA-CREF group of companies through the following entities: Teachers Advisors, Inc., TIAA-CREF Investment Management, LLC, TIAA-CREF Alternatives Advisors, LLC, and Teachers Insurance and Annuity Association of America. Teachers Advisors, Inc., TIAA-CREF Investment Management, LLC, and TIAA-CREF Alternatives Advisors, LLC are registered investment advisers and wholly owned subsidiary of Teachers Insurance and Annuity Association of America (TIAA). Kaspick & Company provides investment advice only through investment management agreements that establish investment advisor-client relationships under the terms of each client s agreement. Kaspick & Company does not provide legal or tax advice. Kaspick & Company provides tax preparation services under the terms of each client s gift administration agreement. Covariance is a registered investment adviser and is an independently operating subsidiary of Teachers Insurance and Annuity Association of America. TIAA-CREF Trust Company, FSB provides investment management and trust services. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY C _ A14570 (12/14)