September 25, 2013
Interviewed by: David Snow
Video Clip
Login to view full video

Why We Support Toigo Foundation

Carlos Rangel of W.K. Kellogg Foundation describes his organization’s efforts to promote diversity in partnership with the Robert Toigo Foundation.

Carlos Rangel of W.K. Kellogg Foundation describes his organization’s efforts to promote diversity in partnership with the Robert Toigo Foundation.

Why We Support Toigo Foundation

With Carlos Rangel of W.K. Kellogg Foundation

David Snow, Privcap: You are involved with a foundation called the Toigo Foundation, which promotes diversity on Wall Street. Can you talk about your involvement with them and what the goals are, specifically with regard to private equity?

Carlos Rangel, W.K. Kellogg: We are very pleased to know the Toigo Foundation.  One of our directors is alum of the Toigo – he was a Toigo fellow and after that he was president of the Toigo alum organization for a couple of years. We’ve been active from the formative years, and also what we’ve done recently is, as an example, the investment team ran an interview search to do an internship program and we contacted the Toigo Foundation to see if they were able to send us some candidates to add to the pool of interviewees.

It so happened that following the interview, the candidate that got the job happened to be a Toigo fellow, which speaks to the quality of professionals that get involved with the Toigo programs.

From the grant-making side, the gifting side of the foundation, we were involved with a program that’s called All Aboard. The Kellogg Foundation gave a grant to the Toigo Foundation for this program that’s focused on creating a searchable list of professionals that are available to be included in boards.

The data shows that most boards are not diverse enough and that the boards that do have diversity benefit from having better performance from the organization.  So this is, we thought, a worthy cause that connects quality professionals to probably needed job openings.

Snow: Across the private equity industry there are many, many portfolio companies, all of which have boards, so this could be a useful connect-the-dots kind of exercise, right?

Rangel: Absolutely, so thank you for the forum to bring that up.

Register now to watch this video and access all content.

It's FREE!

  • CHOOSE YOUR NEWSLETTERS:
  • I agree to the Privcap terms of use and privacy policy
  • Already a subscriber? Sign In

  • This field is for validation purposes and should be left unchanged.