Foundations and Endowments Specialty Practice

(Visual Description: Foundations and Endowments Specialty Practice

Amplify your impact

Truist title and logo)

ARMOND: We recognize that every not-for-profit we work with is unique—whether it's their financial needs, whether it’s their donor base—and we realize that the solution we provide has to be customized to meet their specific needs.

MIKE: The single most important thing that a not-for-profit organization can do is accumulate the assets that allows them to fulfill their mission.

LAURA: It's making sure that the funds are there and growing to support the needs of the organizations that we serve.

(Visual Description: Elizabeth Cabell Jennings, CFA, CAIA, CIMA®

Managing Director, Senior Institutional Investment Advisor, Regional Practice Leader)

ELIZABETH: We provide top-tier investment management services, but we marry that with world-class administrative support and a specialization in not-for-profit management.

 (Visual Description: Laura Galaida, Vice President, Director of Client Service)

LAURA: The administrative support that we provide our clients is incredibly important and a true value add, especially for organizations that have little or no staff. The administrative support of investment accounts can be complex.

We offer a variety of specialized reports, fund accounting, gift clearing services, and also planned giving support, to help shoulder some of the administrative burden so that our clients can really focus on their mission.

(Visual Description: Mike Hill, Managing Director, Senior Institutional Investment Advisor, Regional Practice Leader)

MIKE: One of the benefits working with Truist is the experience of our team. I've had the privilege to work alongside some of the best minds in investments now for almost 20 years. As we were building the practice, we took the very best of the independent consulting models, right? That objectivity, deep analytics and research, customized reporting, and combined that with the experience of our team: a rich history of managing institutional portfolios on behalf of our clients.

LAURA: We spend a lot of time getting to know our clients, understanding the challenges that they're experiencing, where they are in the life cycle of their organization. And making sure to tailor the thought-leadership materials that we have to address some of those challenges that they're experiencing.

(Visual Description: Armond R. Reese, CFA, CAIA, AIF: Managing Director, Senior Institutional Investment Advisor Regional Practice Leader)

ARMOND: What makes our thought leadership impactful to our clients is the fact that we base our thought leadership off real-world scenarios. We're fortunate enough to work with the health care organization that focuses on the prevention of lung diseases. And when teaming up with this organization, they expressed some concerns about the names that were in their portfolio because they wanted to ensure that they were not invested or holding any securities in their portfolio that was detrimental to the air quality. So we really spent time with them screening their portfolio and helping them understand really the pros and cons of pursuing a socially responsible investing strategy, where you exclude certain securities, or running environmental social-governance screen, where you reweight the portfolio. And through conversation, advice, and counsel, we really sat down and really educated them to help them understand which route we thought was best for them to pursue. We made the decision on pursuing an environmental social-governance strategy.

And it has really worked out for that client. They've been extremely happy. They're not focusing on securities that are detrimental to the air quality, and their portfolio is more aligned with their mission.

LAURA: We don't just work for nonprofits, we work in nonprofits. Many of us volunteer in our free time, and the majority of the teammates in the specialty practice serve in leadership roles in organizations in their own communities. It's important that we live and breathe this work and our personal and professional lives, which I think adds a lens to our experience that we bring to bear on client relationships, because we are often sitting on the same side of the table as you are.

ELIZABETH: We bring together the power of team best thinking so that we can evaluate new investment concepts and ideas from a 360-degree perspective, and ensure that we make good, quality, sustainable decisions on behalf of our clients, so they can be successful for years to come.

MIKE: The reason clients continue to choose Truist is because of our customized approach. And we've chosen a customized approach because many of our competitors ask clients to conform to their preferences, not what's best for the client.

ELIZABETH: When thinking about the future of Truist Foundation and Endowment Practice, I'm really struck by the importance of private philanthropy in helping improve the social fabric of our country.

We're excited to play a role in making all of our communities stronger, and we see no limits, really, in terms of growth we have available to us because there's always going to be need.

We're here to meet it, and we're excited about the contributions that we're able to help our clients make in their respective communities.

LAURA: The mission of Truist to build better lives and communities aligns with our partners, and it's important that we are a partner with them to help provide resources, support, to build up the communities around our country. We're so proud of the work that we do, we’re passionate about this work, and we are thrilled to be partnered with organizations that have such a meaningful impact in our world.

(Visual Description: Truist title and logo

Foundations and Endowments Specialty Practice)

Disclosure:

Investment and Insurance Products: Are not FDIC or any other Government Agency Insured • Are not Bank Guaranteed • May Lose Value

Truist and its representatives do not provide tax or legal advice.

Truist Wealth Foundations and Endowments is a marketing name used by Truist Financial Corporation. Services provided by the following affiliates of Truist Financial Corporation (Truist): Banking products and services, including loans and deposit accounts, are provided by Truist Bank, Member FDIC. Trust and investment management services are provided by Truist Bank, and Truist Delaware Trust Company. Securities, brokerage account and for insurance (including annuities) are offered by Truist Investment Services, Inc., and/or P.J. Robb Variable Corp, which are SEC registered broker-dealers, members FINRA SIPC, and a licensed insurance agency where applicable. Investment advisory services are offered by Truist Advisory Services, Inc., GFO Advisory Services, LLC, Sterling Capital Management, LLC, and Precept Advisory Group, LLC, each SEC registered investment advisers. Sterling Capital Funds are advised by Sterling Capital Management, LLC. Insurance products and services are offered through McGriff Insurance Services, Inc. Life insurance products are offered through Truist Life Insurance Services, a division of Crump Life Insurance Services, Inc., AR license #100103477. Both McGriff and Crump are wholly owned subsidiaries of Truist Insurance Holdings, Inc.

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