The Toigo Foundation has proven itself a powerful change agent and important voice in creating awareness about the opportunities for greater inclusion in the dynamic world of finance—and beyond.
Our work with firms today spans a variety of dimensions around the merits of driving needed organizational change for greater inclusion, and of course, providing direct access to outstanding, diverse talent.
This has been our work for nearly 30 years—it is what we believe makes for stronger business, communities and our economy as a whole. Onward! is a testament to the Toigo’s unrelenting determination to advance the early work of the organization and elevate it to new heights.
The Road Ahead
Drive and determination on the inclusion front are more critical than ever as we operate against the headwinds of narrow thinking and challenges that threaten to reverse progress in our country.
While sobering, business understands the value of an inclusive work environment. Study after study underscores the value. As Toigo has demonstrated over the past 30 years, diverse talent—future leaders—are at the ready.
The truth is, creating a culture of inclusion—and thereby establishing an organizational fabric where both cognitive and identity diversity thrive and drive measurable results—is extremely complex. The country knows this and, in many ways, companies are micro-cultures of this larger stage. The concern is that we are not thinking bold or big enough. One thought leader recently remarked that our current approaches to talent and inclusion have us “driving on the same roads.” We need to pave new roads. This is Toigo’s work.
“Toigo is honored to work with individuals and organizations with the courage and conviction to expand beyond what is familiar to what is possible.”
— Nancy Sims, President & CEO, Toigo Foundation
Why This Matters
“The right to learn and lead, mentor and invest, to launch and grow business belongs to every individual, equally and unequivocally. Toigo is resolute in its mission to make these rights a reality for the next generation of talent.”
—Sue Toigo, Founder, Toigo Foundation
Inclusion is an impassioned, distinct step in an organization’s strategic process. It captures the culture and values of an organization—the intangible feel of the place. It ensures a seat and active voice at the table, in the C-Suite and boardroom. Within finance, inclusion extends to participation in the investment project or deals, in allocation of capital, in the strategy of the team—and ultimately in the growth of the organization.
Toigo drives change on this front by engaging both sides of the equation, both supply (the talent) and demand (the employer). We have a 30-year track record in selecting highly talented individuals who possess the essential skills and attitudes to serve as industry and community leaders and foster their advancement through programs and support. We partner with corporate institutions to explore ways to build a sense of community within their organization for all members of the workforce, including the hiring of young professionals at the start of their post-graduate career or tapping into more experienced professional who can contribute the depth of their skill and knowledge to advance the strategic objectives of an organization. We are in the business of leadership—individual and institutional.
Non-profits operate in an increasingly measured world.
Toigo’s management team has a keen eye toward the mission-driven work we do, as well as the results and impact derived. Some outcomes are easily measured; others reflect broader goals toward ongoing engagement and awareness that fuel the continued success of the organization, the individuals we serve and all who support it.
highly selective, diverse professionals served via 5-star Fellowship program
applicant increase since inception
Investment made in scholarships, industry education and skill-based training in support of diverse professionals
remain in financial roles
Toigo Alumni serve on boards
Notable board roles include:
Board Member, Macy’s; Trustee, LACERA;
Trustee, Illinois SURS; Trustee, Northwestern University
model of service and programming to engage corporate partners
From the classroom to the boardroom, Toigo-powered initiatives support diverse leaders’ growth through the arc of their career resulting in stronger performance for both the individuals and the institutions they serve.
The Foundation recognizes the impact of the newest generation of future finance leaders—tech imbued, highly resourced with an immeasurable skill at absorbing information and concepts. This generation also places high value on the learning and exchange from a multicultural, diverse work environments as a way to maximize both their contribution and experiences.
What does this mean for the world of finance? An opportunity to harness this talent and their fresh perspectives to accelerate design and delivery of new services and offerings critically important, especially to an industry in the throes of transformation.
In 2017, The Foundation enthusiastically welcomed its largest class of Fellows to the program. Top academic achievement, technical competency, confidence in communications and idealism, this new class of 95 students presents a fresh look into our future—what is needed to fuel their success and what is expected from finance organizations as they embark on managing, reshaping and expanding business platforms.
Toigo MBA Class 2019
With 94 rising leaders named as MBA Class of 2019 Toigo Fellows, Toigo is serving its largest combined class of 158 Fellows—evidence of the value of the Fellowship and life-long connection to one of the nation’s most active finance-focused alumni networks.
Reflecting the fact that diverse talent is not concentrated in a few very select schools, our class includes MBA candidates at more than 15 MBA programs nationally. The selection process is highly rigorous, with 500+ applicants. The range of professional experience included a mix of finance, engineer, consulting and more. In recruiting and selecting our fellowship class, Toigo encourages individuals committed to careers in finance and a commitment to a broader mission of change and leadership to apply. Each year, the diversity of experiences and qualifications gets richer, making our job of selecting next generation leaders a challenging and rewarding experience.
Toigo’s work continues to be recognized both in and out of the finance arena for the highest form of quality, professionalism, accountability and mission-focus.
The art of balancing dynamic programming with a keen eye to cost and delivery is a proven Toigo skill. This approach has allowed the Foundation to extend its reach beyond the finance industry to other allied industries, as well as government, academia, media and entertainment and philanthropy.
Toigo’s message of Onward! was amplified through a historic and memorable fireside chat led by a Toigo Alumna with Former First Lady Michelle Obama at our annual Gala who shared timely, inspiring messages around ambition, vision, hope and commitment.
The evening reignited the spirit of members of the industry to focus forward with energy, enthusiasm and optimism that our collective and sustained work can drive the change we all seek to achieve. This is the embodiment of our ONWARD! theme.
Governance & Leadership
The fact that our commitment to inclusion extends to our Board should be no surprise.
Nothing brings inclusion to life more than the demonstration of the strategic and forward-thinking work of professionals who serve on the Toigo Foundation Board of Directors.
Governance in today’s non-profit sector has become increasingly dynamic, layered with regulations and compliance responsibility, all while operating in an increasingly measured world. We have honed a blue chip model of governance, a board with a deliberate mix of viewpoints and experiences that present a picture of diversity across all constituent groups we serve. Together they exchange, challenge, and stretch their thinking around Toigo for the future.
To lead this outstanding group, the organization benefits from the passionate enthusiasm of an individual who takes on the role of board chair; someone who takes a deeper dive into our work to ensure that governance responsibilities are fulfilled, that the board and staff maintain openness for healthy discourse, and that the board can come together quickly on matters of greatest importance. A disciplined approach to governance allows for the smooth transition of board leadership, bringing new energy to the role and the ability to carry forward the tremendous work of former board leadership. In 2017, David Marchick, The Carlyle Group, passed the board chair baton to incoming board chair Mark McCombe, BlackRock.
Toigo’s leadership includes an all women-led management team with an average 16 year track record serving the Foundation and inside the finance industry. This level of commitment provides donors and the rising leaders we serve with the benefit of unmatched continuity and depth of experience.
Toigo’s annual financial statement reflects the greatest use of funds for the direct benefit of the rising leaders we serve.
Accountability & Transparency
2017 Gold Seal for Transparency
2017 Toigo Board of Directors
Sue Toigo | Fitzgibbon Toigo Associates
Chairman | David Marchick | The Carlyle Group
Co-Vice Chair | Denise Nappier | Treasurer, State of Connecticut
Treasurer | Jay Ferguson | Vicente Capital Partners
Secretary | Andrea Beldecos | JP Morgan Asset Management
Jerry Albright | Teachers Retirement System of Texas
Mark Anson | Commonfund
Sheri Bronstein | Bank of America
Mary Cahill | Emory University
Ellen-Blair Chube | William Blair & Company
Jose E. Feliciano | Clearlake Capital Group, L.P.
Jose Fernandez | StepStone Group
Heather Hammond | Russell Reynolds Associates
David A. Hunt | PGIM The Global Investment Management Business of Prudential Inc.
Troy Jenkins | Profit Investment Management
Henry Jones | California Public Employees’ Retirement System
Katherine A. Lehman | Hilltop Private Capital
Victor MacFarlane | MacFarlane Partners
Mark McCombe | BlackRock
Barry Miller | Landmark Partners
Jose Minaya | Nuveen TIAA Investments
Tony de Nicola | Welsh, Carson, Anderson & Stowe
Janice Cook Roberts | Kohlberg Kravis Roberts & Co.
Carlos Schonfeld | Capital International Research, Inc.
Erik A. Scott | Palladium Equity Partners
Dhvani Shah | Illinois Municipal Employees Retirement Fund
Jack Thayer | Exelon Business Services Co, LLC
Jim Williams | J. Paul Getty Trust
Kelly Williams | GCM Grosvenor Private Markets
Joel Wittenberg | WK Kellogg Foundation
Paul R. Yett | Hamilton Lane Advisors
Christopher J. Ailman | California State Teachers’ Retirement System
Joe Alejandro | Patrolmen’s Benevolent Association
Stuart Bernstein | Capridge Partners
Judy Chambers | Pension Consulting Alliance, Inc.
Alex Doñé | New York City Office of the Comptroller
David Fann | TorreyCove Capital Partners
Dick Ingram | Teachers’ Retirement System of the State of Illinois
Josh Kawaii-Bogue | California State Teachers’ Retirement System
Lisa Mazzocco | University of Southern California
Scott Stedman | The Yucaipa Companies
Scott Stringer | New York City Office of the Comptroller
Ash Williams | Florida State Board Administration
President & CEO
Nancy Sims | Robert Toigo Foundation