Margaret A. Cargill Philanthropies Names Chief Investment Officer

Source: 02/20/2012

(Feb. 20, 2012) "“ Margaret A. Cargill Philanthropies announced today that Shawn Wischmeier is joining the organization as Chief Investment Officer. Mr. Wischmeier currently is CIO of the Department of State Treasurer in Raleigh, NC.

Mr. Wischmeier will lead the planning and implementation of the investment function for each of the three grantmaking entities that make up the Philanthropies: Margaret A. Cargill Foundation, Anne Ray Charitable Trust and Akaloa Resource Foundation. He will work with trustees and investment committees to develop broad investment strategies that meet the program needs of the three entities.

"In addition to Shawn's deep finance and investment experience, we were attracted by his strong sense of values," said Christine M. Morse, Chief Executive Officer of the Philanthropies. "We are driven by our vision and values, and it is important to us to have an investment leader who is excited about reflecting those in this important position."

Before joining North Carolina's treasury department in June 2010, Mr. Wischmeier was CIO of the Indiana Public Employees' Retirement Fund. Before that, he held a variety of positions in the Global Treasury operations of Eli Lilly and Company in Indianapolis.

Mr. Wischmeier earned a Bachelor of Science in chemical engineering with a minor in German technical translation at Rose-Hulman Institute of Technology in Terre Haute, IN. He earned concurrent master's degrees, in business and engineering, at Northwestern University in Evanston. He is a Chartered Financial Analyst.

About Margaret A. Cargill Philanthropies
Margaret A. Cargill Philanthropies (MACP) includes three separate grant-making charities founded by Margaret A. Cargill, who died in 2006. The three charities are the Akaloa Resource Foundation, the Anne Ray Charitable Trust and the Margaret A. Cargill Foundation. Each charity has a separate board and is separately managed, but all participate in a Shared Services Agreement to create efficiency and save overhead costs. While Margaret A. Cargill Philanthropies is the name used collectively to refer to all three charities, MACP itself is not a legal entity. It does not make grants, conduct operations, or enter into contracts.

Categories: Independent Foundations,News,People News
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