Investment Management Firm

Organization Background

Reproductive Freedom For All Foundation (formerly NARAL Pro‑Choice America Foundation) is a District of Columbia nonprofit organization dedicated to advancing reproductive freedom—including restoring, protecting, and expanding access to abortion care, birth control, paid parental leave, and protections from pregnancy discrimination.

The Foundation is a national leader on the frontlines of the fight for reproductive freedom, organizing people year-round at the state and federal levels to drive awareness and foster sustained activism and community engagement.

Project Overview

The purpose of this Request for Proposal (“RFP”) is to select a qualified investment management firm to provide comprehensive investment advisory and portfolio management services for the Foundation. The Foundation seeks a mission‑aligned partner with a demonstrated commitment to responsible stewardship, long‑term financial sustainability, and investment practices that uphold our mission, values, and fiduciary responsibilities. The selected investment manager will provide comprehensive investment advisory and management services in alignment with the Foundation’s Investment Policy Statement.

Investment firms should:

• Have at least 5 years of experience providing  discretionary or non‑discretionary investment management services, including strategic and tactical asset allocation; portfolio rebalancing; liquidity and cash‑flow management; and the implementation of mission‑aligned socially responsible iInvesting (SRI) screening criteria.
• Deliver comprehensive performance measurement and reporting services, including quarterly performance reports with benchmarks, annual Investment Policy Statement (IPS) reviews, real‑time online access to portfolio information, and support for audit and financial reporting needs.
• Provide ongoing engagement and guidance, including attendance at Committee and Board meetings when requested, delivery of market updates and educational briefings, and expert support on mission‑aligned investing.
• Have demonstrated experience in maintaining a robust risk‑management framework, including ongoing monitoring of portfolio risk, scenario analysis and stress testing, and the use of a documented, disciplined risk‑management methodology.
• Have a demonstrated commitment to Reproductive Freedom for All’s values of collaboration, equity, excellence, inclusion and transparency
• Be aligned with the organization’s mission of reproductive freedom

RFP Objectives

Reproductive Freedom for All is looking for an Investment Management firm  to provide:

• Professional investment advisory and portfolio management services
• Be a mission‑aligned partner who can steward assets responsibly, support long‑term financial sustainability, and ensure that investment practices reflect our mission.

Proposal Requirements

Proposals should clearly present the firm and team’s qualification and experience, outline the investment philosophy and process, and demonstrate a strong, well‑analyzed performance record over a ten year period, while providing three nonprofit or foundation references.

The response to the RFP must include the following:

A. Firm Profile

• History, ownership, structure showing the firm’s stability, governance and organization
• Regulatory status showing the firm is in good standing with local and federal regulators
• AUM and client segments showing total assets under management for different client segments
• Nonprofit experience highlighting familiarity with nonprofit constraints and fiduciary expectations

B. Team Qualifications

• Bios of key personnel highlighting background and expertise of the individuals managing the portfolio
• Roles and responsibilities of each member of the team
• Team stability and succession showing stability and continuity

C. Investment Philosophy & Process

• Asset allocation approach that aligns with the organization’s risk tolerance and long‑term growth objectives
• Research methodology describing how ideas are synthesized and evaluated
• Risk‑management framework outlining how risk are identified, monitored and mitigated
• ESG/SRI capabilities that demonstrates value based investing aligned to the mission
• Confirmation of IPS alignment that demonstrates the firm’s ability to manage the portfolio in accordance with the organization’s Investment Policy Statement.

D. Performance History

• 1, 3, 5, 10‑year performance of the firm over different economic and market cycles
• Benchmark comparisons
• Attribution analysis clearly showing the factors like asset allocation and securities selection that drove returns
• Stress‑period performance showing how the assets performed during volatile and down market conditions

E. Reporting & Technology

• Sample reports demonstrating clarity, depth and easy to understand portfolio, trends and performance
• Cybersecurity overview enumeration how it protects client data

Budget Details

• The proposal must include a clear and comprehensive outline of all fees and costs associated with the services including advisory fee and any additional fees (custodial, trading, fund expenses)

RFP Point of Contact and Timeline

The firm will work primarily with the organization’s Finance Department and the Board of Directors’ Finance and Budget Committee. The Committee manages investment governance to ensure alignment with best practices, mission‑aligned investing, and prudent financial management.

Please direct all questions and submit all materials to: Ravi Shankar [email protected].

We are aiming to engage a firm during May 2026.  

• April 30, 2026 — Deadline for receipt of RFP proposals
• May 15, 2026 — Proposal review and interviews with potential vendors completed
• May 29, 2026 — Formal review period closes
• June 15, 2026 — Vendor/consultant selected and notified to begin contracting