Providence Board of Investment

Met May 28 2026 · Minutes filed Mon, Jun 15, 2026 · Committee Room "B", Room 305, City Hall 3rd Floor, 25 Dorrance Street, Providence, RI, 02903

The board reviewed pension-fund performance and approved two scholarship disbursements.

Reviewed investment performance with consultant Segal Marco Advisors across U.S. and international equity and fixed-income managers. (p. 1)
Approved $110,000 from the Edward Hickling Bradford Fund for scholarships, requested by Schools Superintendent Javier Montañez. (p. 2)
Approved a further $30,000 from the same fund for the Providence Promise program. (p. 3)
Discussed the Dexter Donation Fund and other trust accounts, and continued (tabled) a decision on rebalancing the portfolio. (p. 2)

Background

This board oversees the investments behind the city's employee pension fund along with a set of charitable trusts the city holds for specific purposes. How well those investments perform affects how much taxpayers must eventually put toward pensions, while restricted endowments like the Bradford Fund can spend only their earnings, and only on the narrow purpose the donor set — here, student scholarships.

Meeting overview → Minutes PDF → Agenda packet →