After a year-long review process led by the Foundation’s investment committee, the Gorge Community Foundation is delighted to announce that the Portland firm of Ferguson Wellman has been selected as its new investment manager.
The process was initiated by the investment committee, consisting of board chair Gil Sharp, treasurer Nate Reagan, board member Branden Buel and community leader Rob McCormick, as an exercise in prudent financial oversight and a desire to ensure that as the Foundation grows, its assets are managed to the highest standards and with an intentional, articulated investment policy and long-term strategy. A request for proposal led to responses by four firms, which were then narrowed to two – Ferguson Wellman and incumbent UBS – for further review. After reviewing the qualifications of both firms, Ferguson Wellman was selected, based on their extensive experience with other regional non-profit foundations including Western Oregon University Foundation and Friends of the Gorge.
The Foundation is deeply appreciative of the professional and skillful handling of our investment portfolio by Keith Sheppard and the Mt. Hood Investment Group of UBS for almost twenty years.
Ferguson Wellman, founded in 1975, is a private, employee-owned Portland investment advisory firm serving individuals, families and institutions. They have designed and managed customized investment portfolios for clients’ IRAs, trusts, foundations, endowments, corporate retirement and pension plans. The firm manages $4.97 billion for 832 clients. The Gorge Community Foundation’s account will be managed by executive vice president Jim Coats, an OSU grad with a master’s degree from Columbia University and a long family history in the Gorge ranging from The Dalles to Goldendale.