June 16, 2024

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Kellogg Foundation appoints VP and chief investment officer

3 min read
Carlos Rangel Courtesy W.K. Kellogg Basis

The W.K. Kellogg Basis promoted an worker with a target on fairness to oversee its financial commitment technique.

Struggle Creek-dependent W.K. Kellogg Basis (WKKF) stated past 7 days that it picked Carlos Rangel, who most not too long ago was director of investments for the foundation, as vice president and chief financial investment officer, which was helpful Monday.

The transfer comes following a countrywide lookup to fill the role formerly held by Joel Wittenberg, who retired in January soon after 11 many years as VP and CIO.

In his new job, Rangel will provide as a member of the govt council, reporting to La June Montgomery Tabron, WKKF president and CEO.

He will be liable for the administration and oversight of the foundation’s endowment and its have faith in investments, strategically investing the diversified portfolio to retain its buying electricity in help of WKKF’s mission above the very long term. In addition, he will supply management for crew execution and high-quality functionality versus allocation targets and condition the development of exploration and analysis towards actuality-based advancements to limited- and extended-time period asset allocations.

WKKF mentioned Rangel — who has far more than 20 many years of career encounter and an enduring determination to racial equity — has a “crystal-clear vision” of the foundation’s expenditure strategies, as well as proficiency in international investments and asset management.

Rangel most just lately led the Expanding Equity work as director of investments for WKKF given that 2017, just after joining the foundation in 2010 as a portfolio manager.

“Carlos made a individual determination lots of yrs in the past to spend his vocation putting the economic markets to get the job done for the reward of culture and understands that each and every dollar the basis earns on our investments improves disorders for youngsters,” Tabron reported. “He also has been a leader for WKKF toward broadening the adoption of racial equity in just the economical sector and business community while making more bucks for grants. We are delighted to have another person with so significantly insight and skills in this function.”

Prior to becoming a member of WKKF, Rangel labored for Managed Assets Portfolios, a boutique, SEC-registered world value investor serving people today and establishments. As a purchase-facet generalist analyst, he focused mostly on little and midcap technologies shares and was dependable for idea technology, key study and economical assessment for each individual of the businesses proposed.

Fluent in Spanish, Rangel is a board member, endowment committee member and chair of the functioning committee for Household & Kids Companies.

He attained bachelor’s and master’s levels in finance from the University of Michigan-Dearborn and retains chartered financial analyst, monetary risk supervisor, chartered analyst of alternate investments and certification in financial investment functionality measurement designations.


Founded in 1930 as an impartial, non-public foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, WKKF is between the major philanthropic foundations in the U.S.

Guided by the perception that all little ones really should have an equivalent possibility to thrive, WKKF will work with communities to develop ailments for susceptible young children so they can recognize their full opportunity in school, do the job and lifestyle.

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