BNY Mellon, have announced that it has been named custodian for $600 million in funds administered by the Lynde & Harry Bradley Foundation. BNY Mellon Asset Servicing will provide global custody and accounting services, private investment accounting, as well as performance and risk analytics. BNY Mellon will also provide support through its Treasury Services business and asset management through its Mellon Capital Management Corporation affiliate.
"Since 1985, the Lynde & Harry Bradley Foundation has made more than $772 million in grant awards to organizations across the U.S., and we need a company with the breadth of services BNY Mellon offers to help us manage and administer a diversified investment portfolio that supports our substantial grant-making operation," said Cynthia K. Friauf, vice president for finance at the Bradley Foundation.
"We value the opportunity to help the Bradley Foundation fulfill their important mission in so many ways," said Laurin Moore, head of BNY Mellon Asset Servicing's U.S. Corporate, Government & Not-for-Profit business. "Our work with them showcases the 'total company' resources BNY Mellon is able to deliver to institutional clients, from global custody to value-added analytics to enhanced index strategies."
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