Investment Governance
Management of our community’s philanthropic assets is a significant responsibility, one that Seattle Foundation exercises with great discipline and care. The Board of Trustees is responsible for management of investments, and it exercises this role by issuing an investment policy statement specifying available investment options and asset allocations. The Board also appoints members and establishes the guidelines for the Investment Committee.
The Investment Committee, a standing committee of the Board of Trustees, is charged with overseeing the investment activities of the Foundation. This includes advising the Board of Trustees on the investment policy, asset allocation strategies to meet the return objectives, and monitoring portfolio performance. The committee consists of members selected for their investment expertise and judgment.
Seattle Foundation also hires an independent investment consultant to assist in the investment management. The consultant provides guidance on the selection and monitoring of investment managers, allocation of assets among asset classes, management of other portfolio risk and all other aspects of portfolio management. The consultant is compensated strictly on a fee basis and receives no compensation in connection with the management of the Foundation’s assets from any other sources. Currently, the investment consultant is Crewcial Partners in New York City.
The Seattle Foundation’s Investment Committee currently includes the following members:
Jason Malinowski, Chair
Jason Malinowski is the Chief Investment Officer of the Seattle City Employees’ Retirement System. Prior to joining the City of Seattle, he was a Managing Director at BlackRock, serving as the Head of Risk and Quantitative Analysis for Alternative Investments. He received a BA in Economics and Mathematics from New York University and a MA in Policy Studies at the University of Washington, Bothell.
Joseph Boateng
Joseph Boateng joined Casey Family Programs as its first Chief Investment Officer in 2007 and is responsible for overseeing the foundation’s $2.6 billion endowment. Before joining Casey, he was a member of the Johnson & Johnson Investment Committee, responsible for managing over $17 billion. Joseph received his MBA from UCLA and is an alumnus of the Said Business School at Oxford. He is a CFA Charterholder, CPA/PFS, and Chartered Global Management Accountant designee.
Sheng-Sheng Foo
Sheng-Sheng Foo is Director of Investments at Casey Family Programs, where she has investment responsibilities across asset classes globally in supporting the foundation’s endowment. Prior to this, she worked at The University of California Investment Office and previously oversaw the Public Markets portfolio at The California Endowment. She has an MBA from The Wharton School at the University of Pennsylvania and is a CFA charter holder and earned the Certificate in Quantitative Finance (CQF).
Patrick Martinell
Patrick Martinell is an Investment Officer and Director of Research with the University of Washington. He also spent two years at the Washington State Investment Board (WSIB) on the Risk Management and Asset Allocation team and 14 years at Cascade Asset Management. Patrick holds a double degree in Economics and Mathematics from Claremont McKenna College. He is a member of the Seattle Society of Financial Analysts and a CFA Charterholder.
Kenla Torres-Sibley
Kenla Torres-Sibley is a member of the asset allocation division and leads the external public manager team for the Bill & Melinda Gates Foundation Trust and Cascade Investment. Prior to joining Cascade, she was an Investment Director at Brown University’s endowment. Kenla holds an MS in Investment Management from Boston University and a BS in Finance and Economics from the University of South Florida. She is a member of the investment committee of the United Negro College Fund’s Gates Millennium Scholars program.
Greg Wilson
Greg Wilson is a Portfolio Manager at Pugh Capital Management. He has spent his career analyzing, trading, and developing strategies supporting the mortgage-backed, asset-backed, and commercial mortgage-backed sectors across Pugh Capital’s products. Greg earned his MS in Finance from Seattle University and his BA in Economics and Psychology from Claremont McKenna College.
