Grambling University Foundation Selects Argent Financial as Outsourced Chief Investment Officer
GRAMBLING, La.– The Grambling University Foundation, Inc., the lead fundraising arm of Grambling State University, has announced Argent Financial Group will serve as its Outsourced Chief Investment Officer (OCIO). Details were shared in a press release.
“Argent Financial has been a long-time supporter of the University and our Foundation,” said David Aubrey, chairman of the Grambling University Foundation. “We are excited to grow our relationship and expand giving opportunities for the many alumni, corporations, and contributors who in invest in Grambling State.”
As OCIO, the Argent team will collaborate with the Foundation’s Board of Directors, alumni, and university leadership to expand both short- and long-term investment planning, endowment growth, and Foundation support of the University’s strategic initiatives.
“Our focus is making sure our growing influx of contributions provides for a strong and secure future for our campus and students,” said Marc Newman, vice president for Advancement, Research and Economic Development. “This addition is an important strategic alignment to support our goals.”
The appointment of Argent Financial comes at the start of the University and Foundation’s third Bring it Home donor campaign, which has generated over $2.5 million in philanthropy since 2017.
“We are truly honored to have been selected by Grambling State University to serve the wealth management needs of its foundation,” said Lucius McGehee, vice president – Governmental Services for Argent Advisors Inc. “We look forward to seamlessly building and implementing investment management solutions to provide the funding to fulfill the mission of the foundation and the university for future generations.”
The partnership will offer donors the ability to easily contribute property, life insurance, jewelry, and other assets to the Foundation.
“In this new age of charitable giving, traditional monetary gifts aren’t the only way our donors can invest in our institution,” said Newman. “With Argent, our donors can easily share their wealth to support the Grambling cause of continuing to educate and cultivate black business leaders and innovators.”