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Colstrip Impacts Foundation Requests Proposals for Fund Managment

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COLSTRIP, Mont. - eTradeWire -- Colstrip Impacts Foundation (CIF) was created by the Colstrip Community Impact Advisory Group (CCIAG), pursuant to the Puget Sound Energy (PSE) rate case settlement agreement of December 2017 to guide the disbursement of economic impact funds provided by PSE, an owner in the Colstrip Generating Facility.

CIF is requesting proposals for investment management services from qualified financial service organizations for one or both funds.  The $10 million community impact fund is to be divided into two funds – a short term $7.5 million non-permanent loan fund and a $2.5 million permanent endowment.  CIF is looking to contract with one or more financial organization to provide a full range of administrative and investment services.

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Copies of the detailed Request for Proposal (RFP) including the minimum content of responses and the factors to be used to evaluate the responses, can be obtained by contacting CIF, ColstripImpactsFoundation@gmail.com.  All responses to the RFP must be received no later than 4:30 PM MST, October 15, 2019.

Source: Colstrip Impacts Foundation
Filed Under: Investment

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