After eight years at the helm of investments at Meyer Memorial Trust, I am stepping down as chief investment officer and departing Meyer.
I am incredibly proud of the work my team — along with our stellar advisors, managers and consultants — has done together, growing the trust's endowment from $700 million in 2014 to over a billion dollars in 2022, making it possible for Meyer to grant out $322 million in charitable funds to nonprofits across Oregon. Seeing the impact of our work on the place I've called home all my life has been a true gift, especially given that I directly benefited from Meyer’s philanthropy as a kid in Portland at the Girls and Boys Clubs in North and Northeast Portland and Self Enhancement, Inc.
I also take great solace in knowing how hard the investment team at Meyer has worked to move the needle on diversity, equity and inclusion in the investment world. We've used the levers at our disposal to diversify our pool of asset managers, to push for greater transparency and accountability from those partners, and to make sure our "walk" matches our "talk" when it comes to environmental, social and governance (ESG) principles guiding our investment decisions. I thank my colleagues at Meyer and my wise external counsel for tirelessly (and mostly cheerfully) rowing in the same direction.
Lastly, I am immensely grateful to the world-class team I had the privilege of building, leading and mentoring. Katherine Porras, Stacy Westly and Sohel Hussain are consummate professionals whose brains and hearts are equally invested in their work, because they know how their work shapes Meyer, Oregon and the investment philanthropy space as a whole. The team will remain at Meyer through this transition, with Sohel ably stepping in as interim director of investments.
Change is never easy, but it is inevitable and better embraced than resisted. After eight years, it is time for a change and I am ready.
Thank you for this opportunity to serve and to lead. I'm excited for what is to come.