Description
The Fashion Institute of Technology (FIT) is issuing a Request for Proposal (RFP) for investment management services for the FIT Foundation, a non-profit corporation that supports FIT. The foundation has an investment portfolio of over $74 million and is seeking a reputable investment manager to provide oversight and guidance. Here are the key points: 1. **Objective**: The FIT Foundation is looking for an investment manager to manage its portfolio and provide core investment management services, as well as other related financial services. 2. **Scope of Work**: The investment manager will be responsible for managing the foundation's portfolio in accordance with its investment policy. 3. **Proposal Requirements**: Proposals must be submitted electronically and include all required documents, such as audited financial statements and a statement of investment policy. 4. **Evaluation Criteria**: Proposals will be evaluated based on factors such as the firm's experience, investment strategy, and fees. 5. **Contract Terms**: The contract will be for five years with five one-year renewal options, commencing on or about July 1, 2026. 6. **Submission Deadline**: Proposals must be submitted by April 2, 2026, at 12:00 p.m. 7. **Eligibility**: The FIT Foundation encourages proposals from certified minority and women-owned business enterprises. The selected investment manager will be required to enter into a contract with the FIT Foundation based on the terms and conditions specified in the RFP. The FIT Foundation will not be liable for any costs incurred by firms in preparing or producing a proposal, or for any work performed prior to written authorization to proceed.
Attached files
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