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The W.K. Kellogg Foundation Investment Office strives to generate outstanding investment returns to further the foundation’s commitment to ensuring children and working families thrive, and communities offer equitable opportunities.
Carlos Rangel
Chief Investment Officer, W.K. Kellogg Foundation
Inspired by the foundation’s mission, the Kellogg Foundation Investment Office (KFIO) manages the W.K. Kellogg Foundation Trust’s portfolio of investments and the W.K. Kellogg Foundation endowment. As of June 30, 2023, the combined endowments for the Trust and the foundation were valued at $8.8 billion. Our focus is providing the foundation with a steady and growing source of long-term revenue necessary to deliver on its mission. Our team’s highly skilled, diverse investment professionals value inclusion, belonging and fair and equitable systems. These shared values and our commitment to the well-being of children motivate us to drive excess returns – because every dollar we generate is an additional dollar that goes toward helping children thrive.
Our portfolio is comprised of private investments, hedge funds, fixed-income and public equities. Each of our fund managers brings exceptional experience and a forward-thinking mindset to their decision-making. Working collaboratively, we balance our overall portfolio considering geography, time horizon, factors, sectors and asset classes.
As we continue to look for opportunities to grow the resources dedicated to ensuring all children can thrive, we seek partnerships with outstanding investment managers who share our passion for making the world a better place.
For WKKF, an investment firm is “diverse” when at least 20% of the firm is owned by people of color(Black, Latinx, Asian or Native American) or women. If your firm meets these criteria, and you are interested in sharing more about your work, please complete our questionnaire.
Our passion for harnessing capital markets to advance racial equity, diversity and inclusion (REDI) also has a positive impact on our investment returns. Teams that fully embrace REDI and diversity of thought, achieve greater investment outcomes. That’s why our office spearheads two key racial equity-focused projects:
A transformational program launched in 2019 called Expanding Equity offers tools, knowledge and human-centered approaches for cultivating a workplace that attracts, develops, retains and promotes diverse talent, while delivering benefits for the bottom line. The program has reached more than 100 companies with a combined 3.5 million employees, benefiting more than two million children.
We are proud of the Diverse Managers Program which invests in diverse firms and strategies, including firms where people of color and women have significant decision-making power. Overall, more than 35% of the U.S.-based assets in the Trust’s diversified portfolio are invested with firms that are majority-owned by people of color and women.
Our investment strategy benefits families and communities in many transformative ways.
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