06/03/13 Northern Trust announced that it has been selected to provide Chief Investment Officer Outsourcing services for the Marshall County Community Foundation (MCCF), based in Plymouth. MCCF will be serviced by Northern Trust’s Foundation and Institutional Advisors team, which works with mid-sized non-profit groups. Northern Trust will manage approximately $30 million across several investment programs.
Marshall County Community Foundation seeks to enhance the quality of life in Marshall County by providing support for humanitarian, cultural, educational, recreational and environmental activities in response to changing community needs. This includes grant awards to local schools for STEM initiatives (Science, Technology, Engineering and Math), the new Veterans Therapeutic Art Center, for a park that accommodates people of all abilities, and the Lake Maxinkuckee Environmental Fund.
“We look forward to working with Northern Trust in creating customized investment solutions and utilizing its expertise in growing assets for the benefit of Marshall County”, said Linda Yoder, Executive Director. “We chose Northern Trust for the role of outsourced CIO because we believe it will support our investment programs, our organization, Marshall County, and our donors.”
As an outsourced CIO, Northern Trust acts as a fiduciary, providing comprehensive investment advice, asset servicing and other related services so that non-profit organizations can achieve their financial and philanthropic goals cost-effectively. Northern Trust advisors collaborate with board and investment committee members in accomplishing their investment oversight duties and in creating a more efficient governance model.
About Marshall County Community Foundation
The Marshall County Community Foundation (Marshall County, Indiana) is a public charity with local roots that helps great ideas take flight through endowment philanthropy. Since 1991, donors to the Marshall County Community Foundation have built the community’s assets currently valued at nearly $30 million and have returned over $10 million to support charitable interests and causes throughout Marshall County.