TIFF Investment Management Promotes Four Managing Directors to its Leadership Ranks

Expanded leadership team strengthens TIFF’s ability to deliver deeper expertise, continuity, and strategic insight to their mission-driven clients.

Radnor, PA –January 20, 2026 – TIFF Investment Management, an independent, employee-owned investment firm specializing in OCIO and private markets solutions for mission-driven organizations and sophisticated investors, proudly announces four employees have been named Managing Directors: Brad Calder, Ellen Lieberman, Rick Morgan, and Stephen Williams.

The expanded leadership team brings enhanced capacity to partner closely with investors, anticipate evolving needs, and provide more tailored guidance. Ultimately, these promotions reinforce TIFF’s long-term commitment to thoughtful stewardship and exceptional client service.

Brad Calder (Radnor) joined TIFF in 2015 and leads research and investment strategy across public equity, real estate, arbitrage, and crypto within the marketable portfolio. Prior to TIFF, Brad was a generalist investor at The Wallace Foundation and Lepercq de Neuflize & Co., after early career roles in education and consulting.

Ellen Lieberman (New York) joined TIFF in 2021 and plays a key leadership role in business development, leading relationship management and engagement with current and prospective clients. Prior to joining TIFF, Ellen was with Clearbrook, following leadership roles at Cowen and Convergex.

Rick Morgan, CFA (Boston) joined TIFF in 2019 and focuses on sourcing, diligence, and ongoing portfolio construction across primary, direct, and secondary private market investments. Before TIFF, Rick was on the investment team at New Mountain Capital, a multi-strategy investment firm.

Stephen Williams, CFA (Los Angeles) joined TIFF in 2015 and invests across private equity, venture capital, and secondary investments. Before TIFF, Stephen was with Cogent Partners focused on the secondary market.

“We recognize the significant contributions these individuals have made to TIFF and their continued leadership in advancing our mission-driven culture,” said Kane Brenan, CEO, TIFF Investment Management. “Alongside our existing Managing Directors, they will be instrumental in guiding the firm’s long-term success.”

“Managing Directors are critical to the effectiveness of TIFF’s investment platform, ensuring disciplined research, portfolio construction, and seamless integration with client objectives”, said Jay Willoughby, CIO, TIFF Investment Management. “Ellen, Stephen, Richard, and Brad each contribute specialized expertise that strengthens the connection between our investment process and its implementation across client portfolios.”

About TIFF Investment Management

TIFF Investment Management is an independent, employee-owned investment firm specializing in OCIO services and alternative investment strategies, including private equity, venture capital, and hedge funds. Founded in 1991, with approximately $10B1 in assets under management, TIFF draws on decades of experience to serve nonprofits, family offices, RIAs, and other sophisticated investors. As a certified B CorporationTM2, TIFF embeds accountability, transparency, and sustainability into its operations and investment process. TIFF combines nonprofit expertise with institutional-quality access, partnering with long-term investors to deliver sustainable growth and enduring results that can advance their objectives over time. Learn more at www.tiff.org.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

Footnotes

  1. TIFF assets under management (AUM) is as of 9/30/25 and includes discretionary and non-discretionary client assets for which TIFF affiliates provide investment management or advisory services. The private markets portion of TIFF AUM is calculated based upon fund net asset value plus unfunded commitments. Calculation of TIFF AUM differs from the calculation of regulatory assets under management in TIFF’s Form ADV filings with the SEC and may differ from the AUM calculation methodologies used by other investment managers.

  2. B Lab is the independent third party that certifies companies as B Corporations when they meet rigorous standards of social and environmental performance, accountability, and transparency. B Lab certified TIFF Advisory Services, LLC as a B Corporation on September 12, 2025. To remain certified, B Corporations must update and verify their information every three years.

TIFF Investment Management Earns B Corp™ Certification

Independent investment firm focused on OCIO and private markets solutions for nonprofits joins global community focused on driving business as a source for good.

Radnor, Pa. – October 21, 2025 – TIFF Investment Management, an independent, employee-owned investment firm specializing in OCIO and private markets solutions for mission-driven organizations and sophisticated investors, proudly announces it is now a Certified B Corporation (B Corp). This designation is reserved for businesses that meet high standards of verified performance, accountability, and transparency on factors measured across items such as employee benefits and charitable giving.

With an enduring focus on helping institutions achieve impact, TIFF was founded in 1991 as a cooperative-style organization where nonprofit foundations lacking sufficient internal resources could access the innovative investment approaches utilized by large foundations, universities, and other endowments. This experience has given TIFF a keen understanding of how investment strategy can support an organization’s philanthropic goals​, enabling them to achieve long-term growth.

Today, TIFF partners with endowments, foundations, RIAs, family offices, and other institutional organizations seeking comprehensive OCIO services and access to specialized strategies in private equity, venture capital, and hedge funds. As an independent, employee-owned firm organized as a public benefit company, TIFF delivers partnership to clients with a strong commitment to service and investment performance. TIFF’s commitment to service is reflected through its team members’ active involvement in various charitable endeavors.

“We are honored to join the esteemed network of B Corps, leading a global movement for an inclusive, equitable, and regenerative economy,” said Kane Brenan, CEO, TIFF Investment Management. “Business for good is central to our founding mission and extends to our approach in all we do for our clients, helping them advance their objectives with custom portfolio construction and proven investment strategies.”

B Lab™, a nonprofit transforming the global economy to benefit all people, communities, and the planet, evaluated TIFF in five key areas of impact—Governance, Workers, Environment, Community, and Customers—and reviewed TIFF’s legal framework to ensure it considers all stakeholders. All B Corps post their assessment score to B Lab Global’s website for complete transparency. See TIFF’s profile here.

“B Corps distinguish themselves from other companies with their commitment to driving a positive impact on society and the environment—a commitment TIFF Investment Management has clearly demonstrated since its founding,” said Max Hayes, Growth Manager, B Lab U.S. & Canada. “We are thrilled to have TIFF join our growing global network of organizations using business as a source for good, and we look forward to its contributions to our common mission.”

About TIFF Investment Management

TIFF Investment Management is an independent, employee-owned investment firm specializing in Outsourced Chief Investment Officer (OCIO) services and alternative investment strategies, including private equity, venture capital, and hedge funds. Founded in 1991, with nearly $9B1 in assets under management, TIFF draws on decades of experience serving nonprofits and other purpose-driven organizations. As a Certified B Corporation™, TIFF embeds accountability, transparency, and sustainability into its operations and investment practices. TIFF combines nonprofit expertise with institutional-quality access, partnering with long-term investors to deliver sustainable growth and enduring results that can advance their long-term objectives. Learn more at www.tiff.org.

1 TIFF assets under management (AUM) is as of 6/30/25 and includes discretionary and non-discretionary client assets for which TIFF affiliates provide investment management or advisory services. The private markets portion of TIFF AUM is calculated based upon fund net asset value plus unfunded commitments. Calculation of TIFF AUM differs from the calculation of regulatory assets under management in TIFF’s Form ADV filings with the SEC and may differ from the AUM calculation methodologies used by other investment managers.

B Lab is the independent third party that certifies companies as B Corporations when they meet high standards of social and environmental performance, accountability, and transparency. B Lab certified TIFF Advisory Services, LLC as a B Corporation on September 12, 2025. To remain certified, B Corporations must recertify every three years.

About B Lab

B Lab is a nonprofit transforming the global economy to benefit all people, communities, and the planet. A leader in economic systems change, our global network creates standards, policies, tools, and programs for business, and we certify companies, known as B Corps, that are leading the way. To date, our community includes 1,000,000 workers in over 10,000 B Corps across 103 countries and 160 industries. To learn more, visit bcorporation.net.

About B Lab U.S. & Canada

B Lab U.S. & Canada is a partner in the B Global Network, a unified group of global, regional, and national organizations that power a business movement as a force for good.  A historic global culture shift is underway to harness the power of business to help address society’s greatest challenges. Our global network creates standards, policies, tools, and programs that shift the behavior, culture, and structure of capitalism. B Lab certifies companies — known as B Corps — who are leading the way. Our vision is an inclusive, equitable, and regenerative economic system for all people and the planet.

For more information, visit usca.bcorporation.net and www.bcorporation.net.

About B Corp Certification

Certified B Corporations, or B Corps, are companies verified to meet B Lab’s standards of social and environmental performance, transparency, and accountability. Based on stakeholder input, research, and established best practices, B Lab’s standards are the basis for B Corp Certification requirements and B Lab’s impact management tools, and they inform the network’s programs and collective action initiatives.

Contact: For media inquiries, please email: karen@grahammediapartners.com.

Past performance is no guarantee of future results and the opinions presented cannot be viewed as an indicator of future performance. There is no guarantee that any particular asset allocation or mix of strategies will meet your investment objectives.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

These materials may contain forward-looking statements relating to future events. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expect,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” the negative of such terms or other comparable terminology. Although TIFF believes the expectations reflected in the forward-looking statements are reasonable, future results cannot be guaranteed.

TIFF Investment Management Appoints Chris Bunzel and Anne Duggan to the Client CIO Group

Experienced Executives from Partners Capital to Enhance Client Service and Investment Expertise

Radnor, PA — December 4, 2024TIFF Investment Management (“TIFF”), an institutional asset management firm delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to nonprofits, today announced the appointments of Chris Bunzel and Anne Duggan as Managing Directors in its Client CIO Group. In their new roles, Mr. Bunzel and Ms. Duggan will focus on building and strengthening relationships with current and prospective clients in support of their investment goals.

With more than 30 years of combined industry experience, Mr. Bunzel and Ms. Duggan join TIFF from Partners Capital, where they provided tailored investment advice and exceptional service to nonprofit clients.

“In our view, increasingly complex portfolios require a tailored investment approach, access to top-tier managers, and deep industry expertise to navigate the ever-changing landscape” said Jessica Portis, Chief Client Officer at TIFF. “The OCIO model is solving these issues across industries, and we are committed to investing in top talent that can work alongside our clients to deliver strong results. The additions of Chris and Anne underscore this commitment, and we are excited to welcome them to TIFF.”

“TIFF has built a reputation for investment excellence, nonprofit expertise, and a client-centric culture,” Ms. Duggan said. “I am excited to join this team and help continue the firm’s legacy of delivering exceptional service and strategic advice.”

TIFF aims to achieve investment excellence by fostering strong partnerships with managers who are recognized for their skill in identifying and seizing alpha-generating opportunities. The combined approach to diversified alpha generation consists of thoughtful portfolio construction, strategic manager selection, and dynamic adjustments, all aimed at delivering consistent performance for clients, regardless of market conditions.

“TIFF has been a trusted partner for clients through the ups and downs of the markets for over 30 years,” said Mr. Bunzel. “TIFF is respected industry-wide as a mission-driven organization that positions its clients for prosperity through a diversified investment approach. I am thrilled to join the dedicated Client CIO Group and continue to drive sustained performance for clients of all sizes.”

About TIFF Investment Management

For over 30 years, TIFF Investment Management has been a trusted partner, offering custom advice and investment solutions for nonprofit organizations and other institutional clients. Specializing in comprehensive Outsourced Chief Investment Officer (OCIO) and private markets solutions, we’ve assisted endowments, foundations, RIAs, family offices, and other institutional organizations in achieving their financial objectives and advancing their missions.

As an employee-owned Public Benefit Limited Liability Company (LLC), we are positioned to navigate any potential conflicts of interest, prioritizing lasting client partnerships. By cultivating a purpose-aligned culture through educational initiatives, charitable endeavors, and competitive fees, we strive to enhance the impact of our clients’ missions, to achieve their goals with confidence and clarity.

At TIFF, we are focused on the pursuit of investment excellence by cultivating strong relationships with managers renowned for their ability to identify and capitalize on alpha generating opportunities. Our diversified alpha generation approach, blending portfolio construction, manager selection, and dynamic portfolio adjustments, seeks to drive sustained outperformance for our clients, regardless of market conditions.

We offer a comprehensive range of solutions tailored to the distinct needs of nonprofit organizations, including advisory services and asset class-specific solutions. Our experienced team provides client-centric advice and investment programs designed to support long-term mission objectives.

As of September 30, 2024, TIFF manages approximately $7.6 billion in assets, including committed capital, on behalf of our valued clients.

Contact: For media inquiries, please email: pro-tiff@prosek.com.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

John Stuntebeck Appointed Director – Client Development at TIFF Investment Management

John Stuntebeck Appointed Director – Client Development at TIFF Investment Management

Radnor, PA – May 7, 2024TIFF Investment Management (“TIFF”), an institutional asset management firm delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to nonprofits today announced the appointment of John Stuntebeck as a Director – Client Development within its Client CIO Group.

Mr. Stuntebeck will be instrumental in cultivating and nurturing relationships with both existing and prospective nonprofit clients. Drawing upon over 25 years of expertise in business development and relationship management, Mr. Stuntebeck will advise clients on tailored investment solutions aligned with their distinct missions and objectives.

Prior to joining TIFF, Mr. Stuntebeck served as the Nonprofit Sales Director at Aon, where he aligned investment solutions to help clients achieve their investment goals. His extensive background also includes roles as Managing Director at U.S. Trust and Regional Director at SEI, where he provided strategic advice and investment solutions to institutional and philanthropic clients.

“TIFF is admired industry wide for their investment excellence and solutions that help clients fulfill their missions,” said Mr. Stuntebeck. “I am honored to join this dynamic team and look forward to sharing TIFF’s resources and solutions to help clients pursue their financial and organizational goals.”

“John brings a holistic understanding of the investment and institutional specific considerations that nonprofit organizations face,” said Jessica Portis, Chief Client Officer at TIFF. “John’s background and network helps us broaden our reach within the nonprofit community. His passion for mission and steadfast support of nonprofits is laudable. We are excited to welcome John to TIFF.”

“TIFF strives to be a source of consistent guidance and investment innovation to help our clients achieve their mission and objectives,” said Kane Brenan, CEO of TIFF. “John’s commitment to serving nonprofits embodies the values that underpin TIFF’s 33-year legacy of delivering impactful advice and solutions to clients.”

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private markets solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our clients while also optimizing their costs and reducing their administrative burden.

For over 30 years, TIFF has strived to be the nonprofit community’s most trusted investment partner. We specialize in providing investment solutions that help our clients fulfill their mission and achieve their financial goals. We offer two primary solutions for our clients – comprehensive advisory solutions, and more specialized asset class specific solutions. As of December 31, 2023, TIFF manages approximately $7.3 billion, including committed capital, on behalf of our clients.

Contact: For media inquiries, please email: pro-tiff@prosek.com.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.

TIFF Investment Management Appoints Scott Wilson to its TAS Advisory Board

Radnor, PA – April 25, 2024 – TIFF Investment Management (“TIFF”), an institutional asset management firm delivering comprehensive outsourced CIO (OCIO) and private markets solutions primarily to nonprofits announced today the appointment of Scott Wilson, Chief Investment Officer for Washington University in St. Louis to its TAS Advisory Board.

As Chief Investment Officer at Washington University, Mr. Wilson is responsible for overseeing the current and potential investment opportunities for the university’s $13B endowment. Prior to joining Washington University in St. Louis in 2017, Mr. Wilson served as Chief Investment Officer for Grinnell College, Head of Interest Rate Options Trading at Barclays Capital Japan, and spent several years at Bank of America Securities as Head of EUR, GBP, and JPY Option Trading Desks. Mr. Wilson holds a Bachelor of Arts in Economics and Math from Grinnell College and attended the Master of Science program in Financial Mathematics at the University of Chicago.

Mr. Wilson’s investment expertise and his extensive experience working with higher education institutions will support TIFF’s custom asset allocation and portfolio construction, while also providing TIFF’s investment team with market and investing insights.

TIFF’s Advisory Board consists of distinguished Chief Investment Officers (CIOs) and executives from globally renowned organizations. The Advisory Board’s role includes contributing to client missions, providing investment oversight, offering insights on investment strategies and reputational matters, and assessing portfolio risk management. Through their extensive investment expertise and industry connections, the Advisory Board provides TIFF and its clients with invaluable relationships within the nonprofit ecosystem.

For more information on TIFF’s Advisory Board, visit: https://www.tiff.org/people/#our-boards

About TIFF Investment Management
TIFF is an asset management firm dedicated to delivering comprehensive outsourced CIO (OCIO) and private markets solutions to primarily endowments, foundations, and other charitable organizations. Our primary objective is to enhance investment returns for our clients while also optimizing their costs and reducing their administrative burden.

For over 30 years, TIFF has strived to be the nonprofit community’s most trusted investment partner. We specialize in providing investment solutions that help our clients fulfill their mission and achieve their financial goals. We offer two primary solutions for our clients – comprehensive advisory solutions, and more specialized asset class specific solutions. As of December 31, 2023, TIFF manages approximately $7 billion, including committed capital, on behalf of our clients.

Contact: For media inquiries, please email: pro-tiff@prosek.com.

The materials are being provided for informational purposes only and constitute neither an offer to sell nor a solicitation of an offer to buy securities. These materials also do not constitute investment, legal or tax advice. Opinions expressed herein are those of TIFF and are not a recommendation to buy or sell any securities.