PNC Institutional Asset Management New OCIO at LVCF

PNC Institutional Asset Management New OCIO at LVCF

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Allentown, Pa., February 16, 2024—The Lehigh Valley Community Foundation recently selected PNC Institutional Asset Management Group (IAM) as it’s Outsourced Chief Investment Officer (OCIO) for two of the Foundation’s portfolios. This decision follows a rigorous evaluation process led by LVCF’s ad hoc Investment RFP Committee, which concluded that PNC IAM’s expertise and capabilities align most closely with LVCF’s mission and goals.

The committee chaired by Denise Blew, former LVCF board and finance committee member, carefully reviewed proposals from several esteemed firms, conducted interviews and other due diligence measures before recommending PNC IAM. The committee was composed of LVCF board members, staff, and outside financial experts. “We were impressed by PNC IAM’s people, services, and technological capabilities, recognizing the value they will bring to LVCF’s work and asset growth initiatives,” Blew noted. “We are excited about the possibilities this collaboration brings and believe it will contribute positively to our investment outcomes and overall success. I thank the committee members for their commitment, insight, and expertise in guiding the Foundation through this very important process.”

“PNC IAM comes highly recommended by other community foundations where they have demonstrated exceptional service and support,” noted Trisha Higgins, CPA, Executive Vice President, and CFO of the Foundation who served on the committee. “Their understanding of community foundation dynamics and commitment to assisting organizations like LVCF manage its assets were particularly noteworthy. We were also impressed with PNC IAM’s cutting-edge technology solutions that will enhance LVCF’s operational efficiency by ensuring smooth processes.”

“In 2023, we made the decision to transition to a new OCIO as part of our ongoing commitment to enhancing our investment strategy and ensuring alignment with our organizational goals,” explained Erika Riddle Petrozelli, CPA, CAP®, President and CEO of the Community Foundation. “The Foundation conducts periodic reviews and evaluations of our investment program as part of our fiduciary responsibility and commitment to sound governance practices. This includes a thorough assessment of our investment strategy, performance, and investment partners. The decision to open the process reflects our evolving needs and strategic direction.”

About Lehigh Valley Community Foundation

The Lehigh Valley Community Foundation has been responsibly stewarding the community’s endowment and resources for more than 55 years. Committed to sustainable fund growth and impactful grantmaking, LVCF works closely with donors, fundholders, and partners to address pressing community needs and create positive change.

About PNC Institutional Asset Management Group

PNC Institutional Asset Management Group provides comprehensive investment solutions tailored to the unique needs of institutional clients. With a focus on innovation, integrity, and client service excellence, PNC IAM helps organizations achieve their financial goals and make a meaningful impact in their communities. Visit their website: click here


For more information about LVCF and its partnership with PNC IAM, please Michael Wilson, Director of Communications, Lehigh Valley Community Foundation at or 484-695-3277.