Northern Trust announced today it has been selected to provide Chief Investment Officer Outsourcing services for Marshall County Community Foundation (MCCF), based in Plymouth IN. MCCF will be serviced by Northern Trust's Foundation and Institutional Advisors team, which works with mid-sized non-profit groups. Northern Trust will manage approximately $30 million across several investment programs.
Marshall County Community Foundation seeks to enhance the quality of life in Marshall County by providing support for humanitarian, cultural, educational, recreational and environmental activities in response to changing community needs. This includes grant awards to local schools for STEM initiatives (Science, Technology, Engineering and Math), the new Veterans Therapeutic Art Center for a park that accommodates people of all abilities and the Lake Maxinkuckee Environmental Fund.
As an outsourced CIO, Northern Trust provides investment advice, asset servicing and other related services to help non-profit organizations achieve their financial and philanthropic goals cost-effectively. Northern Trust collaborates with board and investment committee members to assist them with their investment oversight duties and governance.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial holding company based in Chicago, has offices in 18 U.S. states and 16 international locations in North America, Europe, the Middle East and the Asia-Pacific region. As of March 31, 2013, Northern Trust had assets under custody of $5 trillion, and assets under investment management of $810.2 billion. For more than 120 years, Northern Trust has earned distinction as an industry leader in combining exceptional service and expertise with innovative products and technology. For more information, visit www.northerntrust.com or follow us on Twitter @NorthernTrust.
About Marshall County Community Foundation
The Marshall County Community Foundation (Marshall County, Indiana) is a public charity with local roots that helps great ideas take flight through endowment philanthropy. Since 1991, donors to the Marshall County Community Foundation have built the community's assets currently valued at nearly $30 million and have returned over $10 million to support charitable interests and causes throughout Marshall County.
For more information about Northern Trust's OCIO capabilities, call or email Dave Cyganiak: 312-444-7310 firstname.lastname@example.org
For more information about the MCCF, call 574.935.9159 or visit www.marshallcountycf.org.