Glenmede Selected as Investment Manager

Stuart Cantor, Chairman of Richmond Jewish Foundation, announced that RJF has selected Glenmede as its new partner to manage the organization’s $30 million in assets. In this role, Glenmede will serve as an outsourced chief investment officer taking on shared fiduciary responsibility for the assets under management. “RJF has enjoyed our relationship with SEI, but both the markets and our needs have changed over the last five and a half years. The review process conducted by Adam Plotkin and his committee concluded that now was an appropriate time for RJF to make a change. I am excited about the possibilities that Glenmede offers for RJF’s continued growth. I want to thank Adam Plotkin and his committee for their diligent work during this six-month review process,” said Cantor.

Adam Plotkin, Chairman of RJF’s investment committee stated that, “Glenmede’s ability to provide ongoing fiduciary responsibilities and tactical asset allocation, as well as an enhanced manager selection protocol, was critical to the selection process. Glenmede’s expertise and focus allows our investment committee to play a greater strategic role by focusing on the big picture and by making decisions that impact the overall direction of RJF’s perpetual mission, rather than getting bogged down in the day to day market gyrations that specifically impact how we may invest individually.”

“We are pleased to partner with the Richmond Jewish Foundation in the management of their current assets and in the development of new funding opportunities that will serve the Richmond area and the Jewish community today and for generations to come” said Nina Cohen, Director of Glenmede’s Philanthropic Advisory Services.

Members of the RJF committee include Beryl Ball, Andy Brownstein, Ron Felmus, David Gardner, Seth Kaplan, Stewart Kasen, Roger Leibowitz, Beth Long, Gail Moskowitz, G.D. Rothenberg, Mark Sisisky and Bob Weisberger.

About Richmond Jewish Foundation
For over 30 years, Richmond Jewish Foundation has provided planned giving and endowment services, including agency fund administration, donor-advised funds, charitable trusts, scholarships and more, to individual donors, families and charities interested in either Richmond area causes or matters of concern to the Jewish community. Stuart Cantor serves as Chairman of Richmond Jewish Foundation; Adam Plotkin chairs the investment committee and Robert Nomberg is the President & CEO.

About Glenmede
Glenmede is an investment and wealth management firm founded in 1956 by the Pew family to manage the assets of their charitable interests. Today, it provides endowments and foundations nationwide with investment management, foundation administration, grants management, and fiduciary, tax, advisory and consulting services. Headquartered in Philadelphia, the firm has offices in Delaware, New Jersey, New York, and Ohio. Nina Cohen is the Director of Philanthropic Advisory Services, Adam Conish, CFA is the lead portfolio manager for Endowments and Foundations, and Huldah Robertson is the Business Development Manager. For further information, please visit www.glenmede.com.