SNOC26271023 - RFP - Investment Services

Snow College is requesting proposals from qualified financial institutions to invest, manage, and provide custodial services for the College's Endowment and Foundation investment funds, approximately $34 million, under RFP SNOC26271023, with proposals due November 13, 2026 at 5:00 p.m. MT/MDT through the U3P bidding portal.

The scope requires non-discretionary advisory services including investment strategy development, monthly performance reporting compliant with Generally Accepted Accounting Principles and Governmental Accounting Standards Board standards, and at least two annual meetings with College administration and Foundation Board. The awardee must ensure compliance with state and federal regulations governing nonprofit governmental entities, including Utah State Board of Regents policies and Snow College requirements. Respondents must provide company information, staff qualifications with relevant licenses and certifications, investment philosophy, customer service approach, three references from current clients similar to Snow College, and two references from former clients.

The contract term is five years commencing upon award and signature in 2026–2027, with cancellation permitted upon 30 days' written notice. Proposals must include detailed cost breakdowns for initial consulting fees, ongoing consulting fees, custodial and management fees expressed as a percentage of assets under management, and all other associated expenses. Cost proposals must address service scenarios including donations, stock transfers, purchase and sales transactions, board meetings, disbursements, customer service interactions, and projected portfolio returns. Vendors must carry commercial general liability insurance with a $2 million minimum per occurrence and comply with Title VI and Title VII of the Civil Rights Act, Title IX, and Executive Order 11246.

Evaluation allocates 40 points to scope of work and requirements, 30 points to interview and discussion performance, and 30 points to total cost under a best-value determination. Vendors scoring above 96 points will advance to presentations on December 8, 2026. Questions are due October 30, 2026 at 12:00 p.m. MT/MDT. This contract may be extended to other Utah System of Higher Education member institutions through a Participating Addendum.