Glenmede Endowment & Foundation Management origins trace back to 1956 when four children of Joseph N. Pew, founder of Sun Oil Company, served as the investment manager for seven charitable trusts endowed to honor their parents. Headquartered in Philadelphia, we are independent and privately owned.
The term “Outsourced Chief Investment Officer” (OCIO) has gained popularity in the investment industry as investment consultants, banks and small wealth management firms are now offering OCIO services to foundations, endowments and nonprofits. You may be considering this model instead of the self-managed or consultant model used in the past.
A growing number of endowments, foundations and nonprofit institutions are moving away from in-house investment management and committee-consultant model for OCIO services. As one of the nation’s first OCIOs, Glenmede deconstructs the forces driving this shift.