SNOC26271023 - RFP - Investment Services

The purpose of this Request for Proposals (RFP) is to solicit proposals to enter into a contract, with a qualified financial institution, that will invest, manage and provide custodial services, or to just provide custodial services for Snow College’s Endowment and Foundation’s investment funds, which is around $34 million, in addition to future funds, as accrued by the Foundation, during the tenure of the contract. Management will include giving advice to the College and Snow College Foundation Board on investment strategy and providing regular reports on the performance of the invested funds, with recommendations for adjustments, as necessary. The primary focus is for a firm to manage these funds in compliance with the requirements of state and federal regulations regarding non-profit governmental entities, including, but not limited to, the policies of the State Board of Regents and Snow College.

• Provide full-time, non-discretionary advisory services for Snow College’s investment portfolio (consisting of Snow College’s Endowment and Foundation investment funds - ~$34 million).
• Be available in a timely manner, in person, by telephone, tela-conference, or e-mail, for consultation or advice. Meet with and provide information to the College administration, Board of Trustees, Foundation Board, and/or other staff at least twice per year (in-person or virtual) and as needed. Meet periodically with staff to review and refine the portfolio strategy and performance.
• Comply with all federal laws and the State of Utah laws and policies of Snow College and the Utah Board of Higher Education.
• Provide assistance in developing and implementing investment strategies that will maintain or enhance the portfolio quality and performance within the parameters of Snow College’s established investment policies and cash flow needs, taking into consideration the objectives listed in Snow College’s Investment Policy.
• Provide investment advice including breakeven analysis on recommendations made to sell low yield securities and replace them with higher yielding securities.
• Provide detailed reports of investment portfolio activity and performance at least monthly, including a report that demonstrates the benefit on the portfolio’s return of using and investment advisor. Reports should include relevant benchmarks, earnings and accounting methodology. Reports shall follow Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) fair-value reporting. Provide separate annual portfolio performance reports based on the College’s fiscal year.

One (1) digital file copy for each (RFP Response and a separate file for the Cost Proposal) will be submitted in the bidding portal (U3P - Utah Public, Procurement Place) and must be received by **5:00 p.m. MT/MDT on Friday, Nov. 13th, 2026**. Proposals received after this deadline will be late and ineligible for consideration.

The *Cost Proposal* **must be submitted as a separate file** from any other responses to this RFP, to be accepted. If any costs are given in any part of the response(s) in the RFP, except in the separately submitted document for costs, the RFP will be eliminated from further consideration.

Proposals containing less than ninety (90) calendar day’s acceptance time will not be considered.

The vendors that receive a total score over 96 points (out of 160) in the first evaluation stage, in scoring from only the section of Scope of Work and Requirements, will be asked to do an interview and discussion. The presentations will be scheduled for Tuesday Dec 8th, 2026.

Supplier will maintain Comprehensive General, Contractual, and Automobile Liability Insurance, with a minimum limit of **$2,000,000** per occurrence for bodily injury (including death) and property damage liability.

The College requires a payment if subcontractors are used and performance bond for the amount of the bid, if vendor requires any type or form of prepayment terms, (if it is over $5,000), or the amount of the project is over $50,000.

The College wishes to establish a contract with the selected vendor for five years. Contract can be canceled upon 30- day written notice. Contract starting at bid award and contract signing in 2026/27.