Request for Proposals
Where Mission Meets Markets:
Values-Aligned Investing at PFund
As a community foundation by and for the LGBTQ+ community, PFund Foundation (PFund) is committed to advancing equity and justice for queer and trans communities across the Upper Midwest—including Iowa, Minnesota, North Dakota, South Dakota, Wisconsin, and the Native Nations therein.
Each year, PFund awards grants and scholarships through a community-centered review process that reflects our mission, vision, and values. This work is supported by individual and corporate donors, intermediary partnerships with other foundations, and the PFund Foundation Endowment.
The Endowment is a permanent pool of assets established to sustain PFund’s grantmaking, scholarships, and programs over the long term. Endowment assets are invested for durable, long-term growth. Investment returns are partially reinvested to preserve and grow the corpus, with a portion drawn annually to support PFund’s charitable activities.
In 2024, the PFund Foundation Board of Directors formally committed to aligning the Endowment with the organization’s mission, vision, and values. The Board charged staff and the Finance Committee with defining what values-aligned investing means for PFund and identifying pathways to achieve this alignment. After two years of learning, exploration, and internal dialogue, PFund is now seeking an investment management partner with demonstrated expertise and a clear commitment to LGBTQ+ justice and equity.
PFund Foundation seeks an investment manager who can steward the Endowment responsibly while advancing alignment with the organization’s mission, vision, and values.
Request for Proposals
PFund Foundation invites proposals from qualified investment management firms or individuals to serve as a long-term partner in managing the Endowment & other investments and advancing a values-aligned investment strategy.
PFund recognizes that fully aligning an investment portfolio with LGBTQ+ values and broader justice frameworks is an evolving and, in many respects, emerging field. This work will require collaboration, learning, creativity, and a thoughtful, phased approach. PFund is prepared to transition the portfolio over time and values partners who bring innovative thinking, practical experience, and a commitment to incremental yet meaningful impact.
Both the Board and staff view this engagement as a partnership grounded in shared visioning, transparency, and mutual learning.
Proposals are due by February 16, 2026.
The materials required to prepare a proposal are linked below:
