How to Create an Investment Management RFP for Nonprofit Organizations

How to Create an Investment Management RFP for Nonprofit Organizations

When it comes to finding a partner to manage your nonprofit's investments, your search process will likely include issuing a Request for Proposal (RFP). This template covers 8 of the most important items you should consider asking about in your next RFP.

How to Create an Investment Management RFP for Nonprofit Organizations

The selection process typically includes inviting qualified companies to submit responses to your Request for Proposal (RFP). This allows your organization to objectively compare proposals from multiple candidates to narrow the field of options and identify the top firms you want to interview.

Here are 8 of the most important items you should consider asking about in your next RFP:

  1. Company History and Ownership
    The background and ownership structure of the company.
  2. Organizational Profile
    Business overview, experience working with nonprofits, and mission statement and philosophy of the company.
  3. Company Personnel
    Key staff you'll be interacting with and their roles.
  4. Investment Approach
    How will the firm develop your investment strategy? How will they build and manage your portfolio?
  5. Performance Reporting
    Explanation of how they will report on your investment program’s progress.
  6. Additional Services
    What services beyond investment management will they offer to help your oversight group meet its fiduciary responsibilities?
  7. Fees
    The fee structure attached to their investment services and a clear understanding of how they are compensated.
  8. References
    Request references from clients that resemble your organization.

eCIO has created an RFP template that includes questions in these 8 areas to help you get started.

Download a free RFP template that can be customized for your organization.

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Download a free RFP template that can be customized for your organization.

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