Request for Proposals: Investment Portfolio and Management
In our 2023 priorities, we aim to strengthen operations to solidify SWACH. As part of that process, we are requesting proposals to help us develop an investment portfolio and provide investment management services.
SWACH has just under 20 employees and in 2023 we’re projected to generate $6 million in revenue and expend $11 million to support our operations and invest in local community-based organizations. Historically SWACH has relied on funding from the Washington State Health Care Authority (HCA). This funding has allowed our organization to build a cash reserve of $16 million which we currently rely on to support our budgeted deficit.
One of SWACH’s priorities for 2023 and 2024 is sustainability. Our goal is to move away from our reliance on Washington State HCA funding, diversify our revenue portfolio, invest a significant amount of cash reserves into a long-term investment portfolio, and reduce our reliance on cash to support deficit budgets.
See the complete Request for Proposals (RFPs) for more information, including how to submit a proposal, what to include, and the full scope of the project.
Key dates for the RFP process:
June 30, 2023 - RFP opens
August 18, 2023 - RFP responses are due
September 15, 2023 - Notification of finalists
October 10, 2023 - Finalist presentations
October 27, 2023 - Notification of intent to contract
Questions? Contact us at info@southwestach.org.