2013 ANNUAL REPORT

TODAY. TOMORROW.

Reflects on youTOIGO.

TODAY. Through its innovative programming, counsel and unwavering support, Toigo champions minority young professionals in their pursuits at prestigious academic institutions around the country. Toigo remains committed to them throughout their professional lives. Having realized their dreams of achieving MBA degrees in Finance, these talented Fellows, throughout their successes, carry the Toigo brand of excellence and integrity.

The Foundation selects more than 100 Fellows a year, investing nearly $750,000 in their academic and leadership development journeys. In addition to tuition support, the Foundation offers its Fellows a unique curriculum that enhances their formal education by addressing critical soft skill and technical skill com­petencies. We also provide access to our network of industry experts who offer invaluable insights and perspective on their fields.

Our mentoring program remains critical to the experience and is recognized within the industry as a model for guiding the leaders of tomorrow. The program pairs students with mentors who are finance professionals, and incorporates group resources, webinars and personalized career support. Investing our time and financial resources to address the needs of each individual, we emphasize a personalized approach that fosters the long­term relationships and sense of family we enjoy for years to come.

The Toigo Foundation sponsors students at 17 of the top U.S. academic institu­tions, and continues to cement its reputation as a model program in fostering the academic achievement and career success of the brightest next­generation talent. Driven by their skill and passion, Toigo Fellows are seizing opportunities to pursue all areas in the ever­evolving world of finance.

The Toigo Foundation seeks to instill its visionary thinking in the Fellows it supports through education, mentorship and lifelong networking.

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OUR GOAL: to propel leadership from the classroom to the boardroom, from business leadership to business ownership, and to foster in each student a deep awareness of the exponential impact he or she can achieve through educational and career success. By giving of their time as mentors and educators, and of their financial resources, Toigo Fellows and Alumni are paving the way for the leaders of tomorrow.

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The Toigo Foundation believes that a true multi-cultural program can demonstrate the positive impacts of diversity and inclusion. Recognizing the finance industry’s focus on achieving greater diversity, the Foundation embraces all who self-identify as ethnically underrepresented and who agree to serve as ambassadors of the Toigo Mission.

UNDERGRADUATE GPA AVERAGE

3.5

GMAT AVERAGE690

2

African-American /Black Hispanic / LatinoAsian-American

MultiethnicSouth Asian-American

Males Females

40%11%

32%

2%15%

72%

28%

GENDER BREAKDOWN OF CURRENT

TOIGO FELLOWS*

ETHNIC BREAKDOWN OF CURRENT

TOIGO FELLOWS*

*The data provided is representative of the current classes of Toigo Fellows.

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Identifying this talent is a process that Toigo has perfected over the years through integrated steps of application, pre-screening, group assessment and peer-to-peer exchange. The Foundation acknowledges that many applicants with passion and ambition align with our mission, but only those who demonstrate strong leadership potential and the spirit of community rise to the top of the intensive selection process. Nonetheless, participants in our application and screening activities, whether selected or not, often hold the Toigo brand in their hearts and remain ardent supporters and advocates.

ONLY A CAREFULLY SELECTED GROUP WINS THE DISTINCTION OF A TOIGO FELLOWSHIP.

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“Toigo Catapult will have been one of the most impactful weeks in my early career.The investment the Foundation has made in its applicants by presenting high quality sessions, an early opportunity to engage with my peers, and access to industry leaders was unmatched.” —MBA CANDIDATE FALL 2013

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TOMORROW. New Toigo talent will continue to demonstrate a new model of leadership—globally minded, socially conscious and culturally sensitive and astute. Toigo leaders will advance today’s organizations and build new enterprises that leverage their financial acumen and global leadership.

Today’s MBAs will soon graduate and embark on their finance careers, joining one of the most vibrant, dynamic networks of diverse professionals—Toigo Alumni. From recent graduates to leaders with more than 20 years of experience, Toigo Alumni are bringing their talent and leadership to the forefront in all areas of finance.

Each year more than 50 MBA graduates join the ranks of Toigo Alumni and are enthusiastically welcomed by this 1,000­strong national association that remains connected as colleagues, business partners, investors and friends.

They are proud not only of their own accomplishments but of each other. In 2013, Toigo introduced its “40 Under 40” list, honoring Alumni who are accomplished and stars in the industry. Their leadership continues the legacy of Toigo and sets the standard for those who follow.

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“Despite having a father imprisoned and a mother battling substance abuse, I am a graduate of Harvard and proud to be an example to young girls of what is possible through hard work, determination and perseverance.

Tomorrow? I hope to achieve greater scale and reach in my efforts to empower individuals toward self-sufficiency.”—VICE PRESIDENT IN REAL ESTATE INVESTMENT

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“Toigo has consistently broadened my thinking and knowledge through the opportunity to learn from, network with and work alongside those who are responsible for managing capital. Toigo accepted me as a fellow more than a decade ago as I returned from building businesses in Africa and Latin America. I told my interviewers that I wanted to be part of the Toigo family, without realizing the depth of influence that Toigo Alumni would have as role models and mentors; or that industry giants would become stakeholders and promoters invested in my learning and advancement. I’m thankful and grateful to be part of the Toigo family.”—MANAGING DIRECTOR IN PRIVATE EQUITY

JULIÁN CASTROUnited States Secretary of Housing and Urban DevelopmentFormer Mayor of the City of San Antonio

Featured speaker at the 2013 Gala—Mayor Castro epitomized the spirit of the “40 Under 40” sharing with the audience his passion for a new vision of leadership in our nation.

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TOIGO. Throughout their ascent, Toigo leaders embody the values and standards that have defined Toigo. We are resolute in our demand for excellence, our expectations for ethical behavior and our promotion of the advancement of all qualified leaders. The Toigo Alumni network is unrivaled in its passion for excellence and engagement; no diversity leadership program can match it.

Toigo Alumni carry in their hearts a passion for the Toigo organization which extends beyond the ties they have to each other, and to the broader investment community. They believe that Toigo has been the anchor for their career successes, and they express appreciation and continuing engagement in numerous ways. Among the most significant is the ongoing effort to build an Endowment Fund to sustain fellowships for future students.

NO DIVERSITY LEADERSHIP PROGRAM CAN MATCH IT.

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VALERIE JARRETT Senior Advisor to President Barack Obama

After her appearance as a featured keynote speaker at the Toigo Gala, Ms. Jarrett shared, “I was so very impressed with Toigo’s history and accom­plishments. I was deeply honored to participate, and definitely look forward to being a part of the Toigo family.”

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Taking great pride in the success of its governance duties of compliance and oversight, the Board of Directors demonstrate skill, fiduciary responsibility and ease in ensuring all compliance requirements of the non-profit are met. Staff provides the necessary transparency and accountability, giving the Board and its donors the confidence that dollars raised are prudently spent in the best interest of the organization.

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81%

2013 EXPENSES

15%

4%

Direct Programming Management & Administration Fundraising

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T OIGO BOA RD OF DIREC T ORS 2 0 13

F OU NDE RSue Toigo Fitzgibbon Toigo Associates

E X EC U T I V E O F F IC E R SChairman David Marchick The Carlyle GroupVice Chair Denise Nappier Treasurer, State of ConnecticutTreasurer Win NeugerSecretary Andrea Beldecos UBS AG

GOV E R N ING BOA R DDan Allen State Universities Retirement System of IllinoisStuart Bernstein Teacher Retirement System of TexasSheri Bronstein Bank of AmericaMary Cahill Emory UniversityDavid Fann TorreyCove Capital PartnersJose E. Feliciano Clearlake Capital Group, L.P. (and Toigo Alumnus)Jay Ferguson Vicente Capital Partners (and Toigo Alumnus)Jose Fernandez StepStone GroupSusan Graham Ernst & Young LLPLeslie Hale RLJ Lodging Trust (and Toigo Alumna)Carla Harris Morgan StanleyEric Holoman Magic Johnson EnterprisesKate Jonas BlackRockHenry Jones California Public Employees’ Retirement SystemTerry L. Jones Syncom Management Company, Inc.Katherine A. Lehman Lincolnshire Management, Inc.Melvin Lindsey InvestecVictor MacFarlane MacFarlane PartnersJanice Cook Roberts Kohlberg Kravis Roberts & Co.Marcos A. Rodriguez Palladium Equity Partners, LLCHoward Sanders Auldbrass PartnersShelley Ilene Smith GrayShell ConsultingJim Williams J. Paul Getty TrustKelly Williams Credit SuissePaul R. Yett Hamilton Lane Advisors

A DV IS O R Y BOA R DChristopher J. Ailman California State Teachers’ Retirement SystemJoe Alejandro Patrolmen’s Benevolent AssociationSolange F. Brooks California State Teachers’ Retirement SystemJanet Cowell Treasurer, State of North CarolinaMoctesuma Esparza Maya EntertainmentJohn C. Liu Office of the New York City ComptrollerLisa Mazzocco University of Southern CaliforniaCarol Moody CalPERSScott Stedman Yucaipa CompaniesAsh Williams Florida State Board Administration P R E SIDE N T & C EONancy Sims Robert Toigo Foundation

Annual Report Design by Curran & Connors, Inc. / www.curran-connors.com14

The Robert Toigo Foundation180 Grand Avenue, Suite 450

Oakland, CA 94612(510) 763-5771

www.toigofoundation.org