ELS25: Results From the 2024 NACUBO-Commonfund Study of Endowments

Ken Souza joined the USF Foundation in December of 2008. He had previously worked for the asset management arm of Fidelity Investments and in insurance portfolio investing for New York Life. As the Foundation’s assistant vice president of investments, he oversees over $900 million in endowment and operating pool assets. This role includes leading investment initiatives, coordinating research with the Foundation’s investment consultant, conducting due diligence on current and prospective managers, and reporting to the Foundation’s investment committee.

Souza graduated from Merrimack College in 2000 and obtained an MBA from Suffolk University in 2005. Souza is also a certified treasury professional. Souza also serves on the advisory board for the Merrill Lynch Wealth Management Center and the Student Managed Investment Fund in the USF Muma College of Business and is a board member on the Tampa Bay History Center Foundation.

Tim Yates heads Commonfund OCIO and is responsible for managing all aspects of Commonfund OCIO's business, which focuses exclusively on non-profit institutions. In this role, he leads a team of professionals that advise, implement, and monitor custom investment solutions for institutions with total assets under management of more than $15 billion. Yates is a member of the Commonfund OCIO Executive Group and serves on both the Commonfund Asset Allocation and Operating Committees.

Yates joined Commonfund as an associate in the CF Private Equity Associate Program. In 2003, he was a founding member of Commonfund's OCIO platform, where he was responsible for the design, tailoring, and implementation of total portfolio solutions. Additionally, he held several roles with CF Private Equity including having responsibility for custom accounts and serving as a senior member of the firm’s emerging markets private equity portfolio leadership team with a focus on Latin America.

Before joining Commonfund, Yates was an instructor of Spanish and Italian at Fordham Preparatory School in the Bronx, NY. He holds an MBA in finance with a designation in international business from Fordham University and a BA in modern languages from Trinity College. Yates is a member of the investment committee for St. Paul’s Church in Fairfield, CT, the Advisory Board of Girls Who Invest, a member of the Trinity College Board of Fellows, and the Board of Directors of Caroline House—a non-profit in Bridgeport, CT, focused on enabling women and children to reach the fullness of their potential through education in English language and life skills.

Kenneth E. Redd is senior director, research and policy analysis for NACUBO. At NACUBO, Redd directs the annual NACUBO-TIAA Study of Endowments, the NACUBO Tuition Discounting Study, and other studies on higher education finance issues.

In addition to his work at NACUBO, Redd also serves on the board of trustees for the Meadville Lombard School of Theology in Chicago, IL, and is a member of the board of directors for the Unitarian Universalist Common Endowment Fund (UUCEF) and the Association for the Study of Higher Education (ASHE).

Redd has a master’s degree in public affairs from the Hubert H. Humphrey School of Public Affairs, University of Minnesota.