Due to the inclement weather during the end of January through mid February and the number of proposals received, the projected timing for the completion of the proposal evaluations has been extended.  We will email respondents and update our site on the status of the proposal the beginning of March.

The Longwood University Foundation, Inc. ("LU Foundation") is a 501(c)(3) not-for-profit organization that enhances the mission and vision of Longwood University ("LU") through its many fundraising and alumni activities.

The LU Foundation currently has over $30 million in its investment portfolio. A copy of the investment policy is included in the attached materials.

The Finance Committee comprised of staff and Board of Director members are responsible for the oversight of the portfolio in accordance with sound fiduciary responsibility and best practices. The LU Foundation currently uses an investment consulting firm to manage a majority of the portfolio. The LU Foundation sets the policy with the assistance and recommendations from the Consultant and the firm executes the details of the policy. The current firm has provided service since 2001. In consideration of our fiduciary responsibility, we are conducting a formal Request for Proposals ("RFP") process to determine which investment consultant would best serve our needs for managing either our entire portfolio or a part of our portfolio in the future. We welcome the opportunity to partner with an investment consultant who will assist in our efforts to provide additional resources to LU Foundation.

Our deadline for receiving responses shall be:

• Noon, Monday, January 11, 2010
• Responses must be received in the office of Hazel P Duncan, LU Foundation CFO (mailing instructions are in Section VIII of this document).
• No late responses will be considered.
• Our review will be facilitated by having responses correspond to the sections of this RFP. Please use the section numbers provided herein to organize your response.

Investment Consultant RFP (pdf)

(pdf)

Question and Answers (pdf)