Expanded board with Billion Dollar Manager with 23 years of experience
WASHINGTON, August 10, 2022–(BUSINESS WIRE)–Student Freedom Initiative unanimously selected Lawrence Bancroft as a member of the board of directors at its 2022 annual meeting.
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Lawrence Bancroft, President and CEO of Bivium Capital (Photo: Business Wire)
A graduate of Cornell University with a bachelor’s and master’s degree, Lawrence Bancroft founded Bivium Capital in 2002 and currently serves as President and Chief Executive Officer. With $2.2 billion in assets under management, Bivium is a value-focused firm that provides outsourced CIO solutions through a global network of investment managers and asset classes. Bivium’s rigorous research, open-architecture manager selection process, consultative approach to client services, ability to meet diverse client needs, competitive historical returns, diverse leadership and commitment to social and environmental justice are fully aligned with the vision and values of the Student Freedom Initiative.
“Lawrence’s commitment to historically black colleges and universities (HBCUs) is self-evident. His partnership with the organization really began 14 months ago when he and Bivium agreed to provide probono services to HBCUs seeking to realign their investment policy statements about their values.” said Robert F. Smith, Founder and Chairman of Student Freedom Initiative, and Founder, Chairman and CEO of Vista Equity Partners. “Their work has been instrumental in enabling several HBCUs to broaden the demographic makeup of their investment management divisions and allow them to further diversify their portfolios to improve performance. With over two decades of experience and his utter dedication to racial and social justice, Lawrence will continue to be a truly invaluable asset.”
“As one of the few organizations that takes a holistic approach, uses data to inform its strategies, and collaborates with like-minded institutions to expand a student’s opportunities, Student Freedom Initiative is exactly the type strategically effective organization that I was looking for, to dedicate both my time and effort,” said Lawrence Bancroft. “Working to overcome long-standing systemic barriers that impact minority student attendance rates , graduation rates and their income gap after graduation is extremely important to me. I am honored and thrilled to join the line-up of stars Robert has assembled and look forward to actively applying my skills and abilities to further the Student Freedom Initiative. »
“With the inaugural board members and with the addition of Lawrence, the board has been rigorous and judicious in its selection,” said Michele McCullom, general counsel and secretary of the Student Freedom Initiative. “The fact that the vote to add him to the board was unanimous demonstrates a vote of the utmost confidence in Lawrence based on his proven track record and his alignment with the Student Freedom Initiative’s mission.”
About the Student Freedom Initiative
A single-purpose non-profit organization, Student Freedom Initiative aims to close the wealth gap through the lens of education. This is achieved by providing a catalyst for freedom in career and life choices for students attending minority-serving institutions by increasing their social and economic mobility using a student-centred, evidence-based, holistic approach and collaborative. Primarily focused on HBCUs, Student Freedom Initiative enables mobility through four transformational components: (1) Student Freedom Agreement® as an income-contingent alternative to Parent Plus loans, (2) Industry-focused internships and certifications, (3) Tutoring/Mentoring/Other services, and (4) Targeted HBCU capacity building (e.g., access affordable broadband, strengthening governance of allocations and risk-adjusted returns, developing the clean energy workforce). Student Freedom Initiative works with community organizations, businesses, and government entities through public-private partnerships to bring about lasting systemic change to support the entire HBCU ecosystem.
To date, the Student Freedom Initiative has received generous contributions from Robert F. Smith, Fund 2 Foundation, Cisco, Jeanne Street, Prudentialand the Walmart Foundation. The program has also been recognized and supported by the Business Roundtable Racial Equity and Justice Education Subcommittee. Our ability to provide support for MSI students is based on the continued financial support of these donors and others interested in supporting our mission.
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