Investment Management for Endowments, Foundations, and Operating Reserves.
Spending policy, board oversight, donor restrictions, IPS documentation. Institutional portfolios have constraints that individual portfolios don't, and the construction has to start from those constraints, not from a model allocation.
Most institutional relationships run through a rotating bench: you talk to a different associate each quarter and review a model portfolio that wasn't built around your spending policy. When a foundation's portfolio underperforms, it's fewer grants awarded and fewer programs funded. The stakes deserve a single point of accountability.
I'm the advisor on the relationship, not a rotating staff. I read the IPS, attend board meetings in person where I can, and answer to the board, not to a product company. The portfolio is built around the spending policy and time horizon of the organization, with reporting and governance documentation a board can actually use.
Behind the relationship sits Farther's institutional infrastructure: research, manager access, and operational support. The combination is meant to look more like an outsourced CIO than a model-portfolio account.
- Jay Chang, VP, Wealth Advisor
Your Outsourced Chief Investment Office
Our OCIO services allow you to effectively delegate so you can focus on running your organization while we handle investment decisions and implementation. Every service below is built around your mission, your spending needs, and your board's governance requirements.
Endowment Management
Your endowment is the financial engine that sustains your organization in perpetuity. We design portfolios that balance long-term growth with near-term spending needs, ensuring your annual draw rate is sustainable across market cycles.
- • Spending policy design & annual review
- • Asset allocation aligned to your time horizon
- • Inflation-adjusted growth modeling
- • Quarterly board reporting with plain-language summaries
Foundation Asset Oversight
Private foundations face the IRS 5% minimum distribution requirement. We manage your portfolio to meet that obligation while preserving and growing the corpus, so your foundation can continue its work for generations.
- • 5% distribution planning & cash flow management
- • Excise tax optimization (1.39% net investment income tax)
- • Investment policy statement development
- • Coordination with foundation counsel & CPAs
Non-Profit Investment Policy
Every non-profit needs a written investment policy statement (IPS) that governs how assets are managed. We draft, implement, and monitor your IPS so your board can demonstrate prudent oversight to donors, auditors, and regulators.
- • Investment Policy Statement (IPS) drafting
- • UPMIFA compliance guidance
- • Board education & fiduciary training
- • Annual policy review & amendment support
Institutional Portfolio Construction
We build diversified portfolios using institutional-quality vehicles, including low-cost index funds, ETFs, and where appropriate, alternative investments. Every allocation decision is documented and tied to your organization's objectives.
- • Multi-asset class diversification
- • ESG & values-based screening options
- • Fee transparency & cost benchmarking
- • Rebalancing discipline with governance documentation
Charitable Gift Planning
For organizations that receive significant gifts, including appreciated stock, real estate, or planned bequests, we help you invest those assets thoughtfully. We also advise donors on how to maximize the impact of their giving.
- • Appreciated asset donation strategies
- • Donor-advised fund coordination
- • Planned giving & bequest investment oversight
- • Charitable remainder trust (CRT) portfolio management
Donor Education & Support
Your donors want to give wisely, and they look to your organization for guidance. We help you build donor education programs that empower supporters to maximize the tax efficiency and long-term impact of their contributions, strengthening relationships and increasing giving over time.
- • Donor workshops on tax-efficient giving strategies
- • Educational materials on appreciated stock & QCD donations
- • Legacy giving program development & support
- • One-on-one donor consultations in partnership with your development team
Our Clients
Human & Social Welfare Organizations
Community-focused organizations balancing mission impact with long-term financial sustainability and growth.
- Cash flow optimization
- Endowment & reserve growth strategy
- Donor development support
Educational Institutions
Schools, universities, and scholarship funds seeking disciplined investment oversight to protect and grow their academic mission.
- Endowment portfolio management
- Scholarship fund growth planning
- Board reporting & fiduciary guidance
Arts & Culture Organizations
Museums, theaters, and cultural institutions managing reserves and endowments while navigating seasonal revenue cycles.
- Reserve fund investment strategy
- Capital campaign asset management
- Liquidity planning for operations
Religious Organizations
Houses of worship and faith-based organizations aligning their investments with their values while sustaining their ministry.
- Values-aligned investment screening
- Building fund & capital reserve strategy
- Planned giving coordination
Endowments
Perpetual funds requiring disciplined draw rate management, inflation protection, and intergenerational stewardship.
- Spending policy design & review
- Inflation-adjusted growth modeling
- Asset allocation oversight
Foundations
Private and community foundations managing grant-making portfolios with IRS distribution requirements and long-term preservation goals.
- 5% distribution compliance planning
- Excise tax optimization
- Grant-making cash flow coordination
Healthcare Organizations
Hospitals, clinics, and health systems managing operating reserves and retirement plan assets alongside their care mission.
- Operating reserve investment strategy
- Retirement plan oversight
- Capital expenditure planning
Food Banks
Food banks and hunger relief organizations managing donated assets, operating reserves, and capital campaigns to expand their reach and serve more families.
- Donated asset management & liquidation
- Operating reserve growth strategy
- Capital campaign investment oversight
Organizations That Trust Us With Their Mission
Private Foundations
Family foundations and private grant-making organizations with investable assets that require IRS-compliant distribution planning, excise tax management, and a portfolio built to sustain giving across generations. We coordinate with your foundation's legal counsel and tax advisors to ensure every investment decision supports your philanthropic goals.
Community Organizations
Non-profit organizations serving their communities, from human services agencies to arts organizations to advocacy groups. You need an investment partner who understands operating reserves, capital campaign proceeds, and the balance between liquidity and growth. We build portfolios that keep your programs funded while growing your long-term reserves.
Religious Institutions
Churches, synagogues, mosques, and faith-based organizations often hold significant endowments and operating reserves. We respect the values-based investment requirements your congregation expects and build portfolios that reflect your institution's principles, whether that means ESG screening, faith-based exclusions, or impact investing aligned with your mission.
Educational Endowments
Schools, universities, and scholarship funds with endowed assets that must grow to support future generations of students. We design spending policies that balance today's program needs with tomorrow's purchasing power, ensuring your endowment sustains its purpose for decades to come.
Donor-Advised Fund Holders
Individual philanthropists who use donor-advised funds (DAFs) to structure their charitable giving. We help you invest DAF assets for growth while planning distribution timelines, coordinating with your personal tax strategy, and maximizing the impact of appreciated stock donations and other non-cash contributions.
What Clients Say About Working With Me
Our foundation had been invested in a generic target-date fund for years. Jay built a custom portfolio that reflects our grant-making timeline and risk tolerance. For the first time, our investment strategy actually matches our mission.
— Executive Director, Phoenix, AZ
Private Foundation
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Your Organization's Mission Deserves a Financial Partner Who Takes It as Seriously as You Do.
Whether you manage an endowment, oversee foundation assets, or serve on a non-profit board, your fiduciary responsibility demands more than a generic portfolio. Let's build an investment strategy that reflects your mission, your values, and your long-term vision.
Schedule an Institutional Consultation