investment research
client profile The Ralph M. Parsons Foundation on Increasing Private Investment Allocation The Ralph M. Parsons Foundation is a cornerstone of philanthropy in Los Angeles County, dedicated to advancing community well- being through support for arts and culture, education, health, and human services. Over the past decade, in partnership with Cambridge Associates, the Foundation undertook a deliberate increase to its private investment allocation, moving from 5% to more than 36%. This strategic shift has contributed to the growth of the endowment through improved performance, enabling the Foundation to expand its grantmaking capacity, respond to urgent needs like wildfire relief and recovery, and pursue longer-term impact projects. The strong investment performance has provided the Foundation with greater resources when residents need them most. The Foundation’s approach is supported by a strong governance model and a commitment to ongoing learning. By embracing new opportunities for growth, Parsons has positioned itself to further its mission of enhancing the lives of Los Angeles County residents.
about ca
Cambridge has helped us focus not only on what we felt comfortable with, but also on not rushing to a full allocation right away. We’ve been able to build up our allocation at a deliberate pace, picking the right opportunities without feeling pressured to grab everything just to hit a target percentage. The process has been comfortable for us, and we’ve learned a lot along the way.”
the client experience
ca events
investment research
our colleagues
firm ownership
notes
paul g. haaga, jr. chair of the board
18 cambridge associates year in review 2024–25
Made with FlippingBook Digital Proposal Creator