University of Minnesota Foundation Investment Advisors (UMFIA)

The corporation oversees the management of the University of Minnesota Foundation's financial assets. The University of Minnesota Foundation (Foundation) determined that the growth of its assets and diversification of its portfolio necessitate a more effective method of management. Therefore, the Foundation created the corporation in 1998 to be solely responsible for the day-to-day oversight of the management of the Foundation's assets. The corporation's streamlined structure enables it to retain a high caliber chief Investment officer. It also enables the corporation to attract community board members with financial expertise, to more effectively utilize the financial and Investment expertise of its board members, more rapidly respond to changing market conditions, and provide more effective oversight of the activities of its outside Investment managers. The corporation also provides services to one other charitable organization.