2025-10-13T13:08:02-05:00 2024-12-31 WITHUMSMITHBROWNPC 4600 EAST WEST HWY 900 BETHESDA MD 208143423 990 2024-01-01 133565420 ROBERT A TOIGO FOUNDATION % NANCY SIMS ROBE 5107635771 555 12TH STREET Suite 275 OAKLAND CA 94607 NANCY SIMS PRESIDENT & CEO 5107635771 2025-08-15 true true RICHARD RUVELSON P00234075 3012726000 2025-08-15 2024 2025-03-06 01:10:19Z X NANCY SIMS 555 12TH STREET SUITE 275 OAKLAND CA 94607 5304609 false X WWW.TOIGOFOUNDATION.ORG X 2000 CA DEVELOPING INNOVATIVE, HUMAN-CENTERED LEADERS TO DRIVE EXCELLENCE IN FINANCE. 27 27 10 100 0 0 2756881 4078654 827074 518404 74371 76454 -464093 -940890 3194233 3732622 180500 80500 0 0 1337251 1380068 0 0 421928 3238824 2901108 4756575 4361676 -1562342 -629054 5555939 4776533 562641 412289 4993298 4364244 X Our mission is to shape the future of finance by developing leaders whose innovation, investment excellence, and human-centered leadership advance the industry and its adjacent sectors. false false 1807601 80500 241090 As part of its 35th Anniversary milestone, the Toigo Foundation proudly welcomed a new cohort of young professionals into its Milestone Class, selected from an applicant pool of 253 finalists. These future leaders represent a broad spectrum of finance-focused graduate students committed to careers in investment, advisory, and asset management. In alignment with our strategic goals and continued innovation in candidate engagement, the Foundation invested $[$11,731] in the development and implementation of a new applicant platform and customer relationship management (CRM) system. These tools were designed to capture applicant and student data, foster a sense of community, and provide employers with direct access to talent through job postings and curated career-focused events. The system also features integrated video content, targeted candidate assessments-particularly around coachability-and robust applicant reporting dashboards. The Foundation launched the "Catapult" program as the first-tier industry education event, hosted virtually over 2.5 days to accommodate the financial and time constraints of today's graduate student population. Delivered via a high-functioning virtual event platform, the program included general sessions, skill-building breakout groups, chat forums, and structured networking spaces-creating a rich, accessible learning experience. From this broader group, [60] students were selected as our final Toigo Legacy Fellows and invited to attend an in-person onboarding event held in New York. This immersive experience provided deeper program orientation, exposure to senior industry executives, and a realistic preview of graduate school expectations in the context of their Fellow responsibilities. The Fellows were also recognized during Toigo's annual industry dinner, further elevating their visibility and affirming their accomplishments. To support students' career preparedness, the Foundation engaged a team of subject matter experts who delivered individual and group sessions focused on self-assessment, navigating a competitive job market, and managing priorities during graduate studies. In addition, our signature APEx (Advancing Professional Experience) leadership development events continued to serve as critical in-person programming, welcoming 150 students for two days of master classes centered on executive presence, communication, and strategic thinking. Participants also took part in coaching engagements and technical workshops tailored to current market demands. Toigo's Learning Intensive in Alternatives was expanded in 2024. The program now includes three sector - focused tracks that offer deep dives into specific investment strategies. Students participated in team-based investment presentations, national case competitions, and coursework aligned with preparation for industry-recognized certifications. The Foundation's financial investment in curriculum design, contractor-led instruction, and asset-class specialization enabled the creation of a scalable, high-value program. Finally, through the Foundation's proprietary Talent Management Portal, members of the Class of 2025 and Class of 2026 gained immediate access to internship and full-time job opportunities from leading financial services firms. This portal serves as an essential bridge between education and employment, underscoring our commitment to creating pathways to leadership in the investment profession. 1397230 198457 The Foundation's success in identifying and developing next generation leaders for careers in Finance was celebrated in several ways in 2024. The impressive group of past participants - referred to as alumni exemplify the success of Toigo's work and their own leadership impact with Finance. The Foundation retained a noted journalist to interview 30 alumni to present their viewpoints on investment markets, areas of their expertise and amplification of Toigo. These were produced and posted on social media. Additionally, 35 individuals were showcased for their excellence in their careers, their stewardship of the non-profit and their bright futures ahead. Two successful convening events were hosted in 2024 drawing in the investment community in celebration of the non-profits 35 years of service and impact. Details which surround two celebrations hosting a total of 1,600 professionals was a testament to the deep relationships established and the marker of excellence. The dinner program featured prominent authors and industry notables; followed by a gathering of past participants and guests. Each dinner event was preceded by an industry gathering of approximately a total of 250 guests to discuss critical topics which impacted the mission of the Foundation and its talent. Representatives from the plan sponsor and asset management community; past Toigo participants; board members and investment community. 208101 78857 In 2024, the Toigo Foundation enhanced its career advancement and corporate engagement services through a strategic platform branded as ToigoPRO (Professional Recruiting Opportunity). This initiative was designed to heighten visibility and access to employment opportunities for Toigo's highly talented candidate base while supporting corporate partners in identifying and engaging top-tier, talent for positions across financial services. Key investments were made in the redesign and enhancement of the talent website, creating a more accessible and user-centric portal for both job seekers and employers. The platform now supports streamlined application processes, increased visibility of job postings, and a dynamic presentation of candidate profiles for networking and interview consideration. These updates helped bridge critical connections between Toigo talent and leading firms seeking high-caliber professionals. To further amplify these efforts, the Foundation dedicated financial and operational resources to expand employer sponsorship tools, increase social media promotion, and host both virtual and in-person recruiting events. These activities included employer-led webinars that highlighted firm culture, investment strategies, and hiring needs. For MBA students participating in Toigo's programs, the Foundation launched an online talent portfolio platform that enables students to showcase their skills, career aspirations, and availability to apply for internships and full-time roles. This platform, combined with curated job listings and exclusive employer webinars, provided students with structured opportunities to engage with potential employers early and meaningfully. Additionally, a series of Talent Management workshops and educational podcasts were introduced, equipping participants with practical tools to navigate the competitive employment market. Topics included resume development, networking strategies, and compensation negotiation-all tailored to support the advancement and long-term success of Toigo alumni and current program participants. Through these multi-pronged efforts, the Toigo Foundation deepened its role as a trusted talent development partner within the financial industry, reinforcing its mission to support future leaders and expand career pathways. 3412932 true true false false false false false false false false true false false true true true true false false false false false false false true false false true false true false false false false false false false false false false false false false false false false false true 27 0 true 10 true false false false false false true true false false false false false false false false X 27 27 false false false false false false false true true false false true true true true true true true true false CA NY X NANCY SIMS 5107635771 555 12TH STREET SUITE 275 OAKLAND CA 94607 X NANCY A SIMS PRESIDENT 70.0 0.0 X 468123 0 26545 SHANNON HOWELL DIRECTOR OF TALENT ACCESS 40.0 0.0 X 147443 0 35824 SHAKEEL BHATIA DONOR RELATIONS MANAGER 40.0 0.0 X 140611 0 24354 TREVOR WELCH SENIOR PROGRAMMING COORDINATOR 40.0 0.0 X 108500 0 7179 NORAH SUISALA FILIVAA ADMIN ASSIST/OFFICE MGR 40.0 0.0 X 103100 0 9147 MARK MCCOMBE CHAIRMAN (Thru 5/2024) 0.5 0.0 X X 0 0 0 JOSE MINAYA Chairman (start 5/2024) 0.5 0.0 X X 0 0 0 JAY FERGUSON TREASURER 0.5 0.0 X X 0 0 0 DHVANI SHAH SECRETARY 0.5 0.0 X X 0 0 0 SUE TOIGO FOUNDER BOARD MEMBER 0.5 0.0 X 0 0 0 MARK ANSON BOARD MEMBER 0.5 0.0 X 0 0 0 JASE AUBY BOARD MEMBER 0.5 0.0 X 0 0 0 DOSTON BRADLEY BOARD MEMBER 0.5 0.0 X 0 0 0 KEITH CAHILL BOARD MEMBER 0.5 0.0 X 0 0 0 MARY CAHILL BOARD MEMBER 0.5 0.0 X 0 0 0 SCOTT CHAN BOARD MEMBER 0.5 0.0 X 0 0 0 JOHN CLAISSE BOARD MEMBER 0.5 0.0 X 0 0 0 MICHAEL DELANEY BOARD MEMBER 0.5 0.0 X 0 0 0 JOSE E FELICIANO BOARD MEMBER 0.5 0.0 X 0 0 0 JOSE FERNANDEZ BOARD MEMBER 0.5 0.0 X 0 0 0 FRAN HIGGINS BOARD MEMBER 0.5 0.0 X 0 0 0 STEPHANIE IVY BOARD MEMBER 0.5 0.0 X 0 0 0 KATHRYN KOCH BOARD MEMBER 0.5 0.0 X 0 0 0 BRYAN LEWIS BOARD MEMBER 0.5 0.0 X 0 0 0 EDWARD LEWIS BOARD MEMBER 0.5 0.0 X 0 0 0 TANAKA MASWAOSWE BOARD MEMBER 0.5 0.0 X 0 0 0 BARRY MILLER BOARD MEMBER 0.5 0.0 X 0 0 0 JANICE COOK ROBERTS BOARD MEMBER 0.5 0.0 X 0 0 0 STEVE MARTINEZ BOARD MEMBER 0.5 0.0 X 0 0 0 ROBERT O'LEARY BOARD MEMBER (start 10/2024) 0.5 0.0 X 0 0 0 IVELISSE SIMON BOARD MEMBER 0.5 0.0 X 0 0 0 KELLI WASHINGTON BOARD MEMBER 0.5 0.0 X 0 0 0 Marcie Frost Board Member 0.5 0.0 X 0 0 0 967777 0 103049 5 false true false 660 12th AVE subsidiary llc 660 12TH AVENUE NEWYORK NY 10019 CATERING 221576 ALBERT CRUZ 1024 Kenyon Street NW Unit A WASHINGTON DC DC 20010 CAREER COACHING 197146 PATRISHA GILL 2117 Comstock Lane LINCOLN CA 95648 accounting services 167800 kristy posocco 91 4th street MERIDEN CT 06451 program consulting 148506 studio productions nyc llc 660 121t ave 5th floor NEW YORK NY 10019 event equipment 139263 6 2411320 1667334 14862 4078654 TOIGO INSTITUTE & PROF SERVICES 611710 243815 243815 EDUCATION 561300 230239 230239 CAREER & TALENT SERVICES 900099 44350 44350 518404 76454 76454 0 0 0 0 0 0 630826 2411320 1571987 -941161 0 0 0 0 0 0 MISC. 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In addition, the Foundation is exempt from California state taxes under section 23701(d) of the California Revenue and Taxation Code. There was no unrelated business income in 2024 and 2023. The Foundation has been determined by the Internal Revenue Service ("IRS") not to be a private foundation within the meaning of Section 509(a) of the IRC and is annually required to file a Return of Organization Exempt from Income Tax (Form 990) with the IRS. The Foundation has evaluated its current tax positions and has concluded that as of December 31, 2024 and 2023, the Foundation does not have any significant uncertain tax positions for which a reserve would be necessary. GALA NY 2238283 1747892 490391 219267 247887 169191 462329 GALA LA 803863 663428 140435 49995 68721 28054 326543 0 3042146 2411320 630826 269262 316608 197245 788872 1571987 -941161 true HARVARD UNIVERSITY BUSINESS SCHOOL SOLDIERS FIELD BOSTON MA 02163 042103580 501(C)(3) 29500 BOOK NONE FELLOW MERIT AWARD WHARTON SCHOOL OF THE UNIVERSITY OF PA 3733 SPRUCE STREET PHILADELPHIA PA 19104 231352685 501(C)(3) 17000 BOOK NONE FELLOW MERIT AWARD COLUMBIA UNIVERSITY 116TH BROADWAY NEW YORK NY 10027 135598093 501(C)(3) 7500 BOOK NONE FELLOW MERIT STANFORD UNIVERSITY 655 KNIGHT WAY STANFORD CA 94305 941156365 501(C)(3) 15000 BOOK NONE FELLOW MERIT MASSACHUSETTS INSTITUTE OF MANAGEMENT 77 MASSACHUSETTS AVE CAMBRIDGE MA 02139 042103594 501(C)(3) 7500 BOOK NONE FELLOW MERIT 5 0 PART I, LINE 2 THE FOUNDATION MONITORS THE USE OF GRANT FUNDS BY PAYING INSTITUTIONS DIRECTLY. THE FOUNDATION MAINTAINS ACCOUNTING AND ADMINISTRATIVE RECORDS FOR ALL STUDENTS RECEIVING AWARDS. BILLING INFORMATION PROVIDED BY THE ACADEMIC INSTITUTIONS, COPIES OF DISBURSEMENTS AND ACCOMPANYING CORRESPONDENCE ARE RECORDED IN APPROPRIATE SYSTEMS AND ELECTRONIC FILES. X X X X false false false false false false false false false NANCY A SIMS PRESIDENT 355000 0 75000 0 38123 0 0 0 26545 0 494668 0 0 0 SHAKEEL BHATIA DONOR RELATIONS MANAGER 128611 0 12000 0 0 0 16320 0 8034 0 164965 0 0 0 SHANNON HOWELL DIRECTOR OF TALENT ACCESS 147443 0 0 0 0 0 20707 0 15117 0 183267 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B: THE GOVERNING BOARD OF DIRECTORS HAS DELEGATED THE REVIEW AND APPROVAL OF THE ANNUAL TAX FILING (FORM 990) TO THE AUDIT COMMITTEE OF THE BOARD PRIOR TO PRESENTATION TO THE FULL BOARD. THE FOLLOWING ARE THE SPECIFIC PROCESSES THE ORGANIZATION USES TO REVIEW FORM 990. THE DOCUMENT IS PREPARED BY AN INDEPENDENT CPA FIRM. 1. THE INITIAL REVIEW OF FORM 990 IS PERFORMED BY THE FOUNDATION'S ACCOUNTANT FOR ACCURACY. 2. THE SECOND REVIEW IS PERFORMED BY THE PRESIDENT. 3. THE THIRD REVIEW IS COMPLETED BY THE AUDIT COMMITTEE. 4. ONCE THE DRAFT IS APPROVED BY THE AUDIT COMMITTEE AND PRESENTED TO THE GOVERNING BOARD WITH THEIR RECOMMENDATIONS, THE CPA IS INSTRUCTED TO PREPARE A FINAL COPY OF THE FINAL RETURN, INCLUDING ALL SCHEDULES. 5. THE FORM 990 IS PRESENTED TO THE GOVERNING BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C: THE FOUNDATION HAS A CONFLICT OF INTEREST POLICY, WHICH OUTLINES THE PROCESS TO COMMUNICATE, EVALUATE, AND ADDRESS ANY KNOWN OR PERCEIVED CONFLICT OF INTEREST IN THE SPIRIT OF FULL DISCLOSURE ON ANY MATTERS THAT MAY APPEAR IN QUESTION. THE EXECUTION OF THIS POLICY IS THE RESPONSIBILITY OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE AND EXECUTIVE COMMITTEE. THE INDIVIDUAL WHO EVALUATES AND COMMUNICATES THIS INFORMATION TO THE FULL GOVERNING BOARD IS THE CHAIR OF THE NOMINATING AND BOARD GOVERNANCE COMMITTEE. BOARD MEMBERS AND OFFICERS ARE EXPECTED TO USE GOOD JUDGEMENT, TO ADHERE TO HIGH ETHICAL STANDARDS AND TO CONDUCT THEMSELVES IN SUCH A MANNER AS TO AVOID ANY POTENTIAL OR ACTUAL CONFLICT BETWEEN THE BOARD MEMBER'S OR OFFICER'S PERSONAL INTERESTS AND THE INTERESTS OF THE ROBERT A. TOIGO FOUNDATION. A CONFLICT OF INTEREST EXISTS WHEN THE BOARD MEMBER'S OR OFFICER'S LOYALTIES OR ACTIONS ARE DIVIDED BETWEEN THE FOUNDATION'S INTERESTS AND THE BOARD MEMBER'S OR OFFICER'S FINANCIAL INTEREST. BOTH THE FACT AND THE APPEARANCE OF A CONFLICT OF INTEREST SHOULD BE AVOIDED. A BOARD MEMBER OR OFFICER WHO IS UNSURE AS TO WHETHER A CERTAIN TRANSACTION, ACTIVITY OR RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST SHOULD DISCUSS IT WITH THE CHAIR OF THE BOARD OR THE PRESIDENT FOR CLARIFICATION. IN KEEPING WITH TOIGO'S BEST PRACTICES IN COMPLIANCE WITH SARBANES-OXLEY REQUIREMENTS, ALL GOVERNING BOARD MEMBERS ARE REQUIRED TO REVISIT THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND SIGN AN ACKNOWLEDGEMENT FORM THAT ATTESTS OR REPRESENT THAT MEMBERS WILL REMAIN IN FULL COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15: THE RESPONSIBILITY FOR DETERMINING THE COMPENSATION OR ADJUSTMENTS TO CEO COMPENSATION IS THE WORK OF THE EXECUTIVE COMMITTEE WHICH STARTS WITH THE BOARD CHAIR AND FOUNDER. THE COMMITTEE'S MEMBERSHIP CONSISTS OF THE FOUNDER, BOARD CHAIR, AND REPRESENTATIVES WHO BRING MANAGEMENT, FINANCE, HUMAN RESOURCES AND NON-PROFIT BACKGROUND INTO THE DISCUSSION AROUND ANNUAL JOB PERFORMANCE AGAINST ORGANIZATIONAL GOALS AND TO ASSESS WORK PERFORMED AGAINST SIMILAR ROLES AND SALARY RANGES BASED ON SCOPE OF RESPONSIBILITIES. SHOULD THERE BE A REQUIREMENT FOR COMPENSATION DATA OR BENEFITS ANALYSIS, INDEPENDENT COMPENSATION CONSULTANTS ARE BROUGHT IN TO ADVISE THE EXECUTIVE COMMITTEE IN MAKING THEIR DECISIONS. THIS COMMITTEE ROTATES ON A PERIODIC BASIS AS PART OF THE NORMAL BOARD SERVICE ROTATION, WHICH ALLOWS FOR CONTINUED OBJECTIVITY AND RELEVANT PERSPECTIVE TO THIS IMPORTANT GOVERNANCE DUTY. THERE IS ALSO ACTIVE ENGAGEMENT WITH THE CEO ON PERFORMANCE OF THE NON-PROFIT AND STRATEGIES, MORE FREQUENT THAN ANNUAL REVIEWS. OTHER KEY EMPLOYEES THE BOARD OF DIRECTORS HAS DELEGATED THE RESPONSIBILITY FOR THE EVALUATION AND DETERMINATION OF SALARY FOR THESE POSITIONS TO THE PRESIDENT/CEO. THE PRESIDENT WILL, HOWEVER, REVIEW STAFF PERFORMANCE WITH THE DESIGNATED MEMBER OF THE EXECUTIVE COMMITTEE AND WILL DISCUSS PLANS FOR ANY ADJUSTMENTS, IF WARRANTED, IN ADVANCE. SALARY ADJUSTMENTS AND RECOGNITION AWARDS ARE NOT GUARANTEED ON AN ANNUAL BASIS AND, THEREFORE, PERFORMANCE OF THE NONPROFIT AND THE INDIVIDUAL'S PERFORMANCE ARE ASSESSED TO DETERMINE IF ANY MERIT ADJUSTMENT IS WARRANTED. SALARIES FOR THESE POSITIONS ARE EVALUATED AGAINST MARKETPLACE INFORMATION, FEEDBACK FROM INTERNAL AND EXTERNAL CLIENTS AND REVENUE GENERATED FROM THEIR AREA OF RESPONSIBILITY, IN ADDITION TO THE INTERNAL COMPENSATION STRUCTURE OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19: ANNUAL FINANCIAL INFORMATION IS POSTED FOR PUBLIC VIEW ON THE FOUNDATION'S WEBSITE, ALONG WITH THE ANNUAL REPORT AND OTHER SELECT COMPLIANCE POLICIES. THE FOUNDATION UPHOLDS THE HIGHEST DEGREE OF ACCOUNTABILITY AND TRANSPARENCY AND WILL PROVIDE ANY ADDITIONAL PUBLIC INFORMATION, UPON REQUEST.