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The Alaska Community Foundation announces new investment manager and new hires


The Alaska Community Foundation recently selected Cardinal Investment Advisors as their investment consulting firm with David Center acting as primary investment consultant. ACF issued an RFP earlier this year, and went through an extensive review of the 16 firms that responded and the 4 finalists that were interviewed in person. The final selection, Cardinal, has 34 employees, over $70B in assets under advisement and offices in Chicago, St. Louis and Orlando. Cardinal is completely independent and serves only institutional investors.  More information can be found on their website at


In addition, ACF recently hired two new employees, Ricardo Lopez and Heather Beaty.

Ricardo Lopez (Aleut) has joined ACF as a program officer with a focus on supporting the community Affiliates. With his help, the Affiliate funds will continue to grow and strengthen locally-advised grantmaking throughout Alaska. Prior to joining ACF, Mr. Lopez worked for The CIRI Foundation managing their scholarship and grant program for Alaska Native students pursuing post-secondary education. He previously also worked on the small grants program at the Rasmuson Foundation. A lifelong Alaskan with family ties to the Bristol Bay region, Mr. Lopez holds a B.S. in Biological Sciences with an Art Minor from the University of Alaska Fairbanks. 


Heather Beaty has joined ACF as the program manager for Pick.Click.Give., a joint project between ACF and the Rasmuson Foundation. Before joining ACF, Heather served as the Senate Rules Committee Aide and Chief of Staff to the Senate Majority Leader. Ms. Beaty grew up in Sitka and moved to Anchorage in 2002 to take a job as the Letters Editor at the Anchorage Daily News, after which she began her decade-long work in the Alaska legislature and political campaigns. Ms. Beaty left the political realm to join ACF and manage the PFD charitable contributions program, Pick.Click.Give.


These new additions will further support ACF’s mission to grow philanthropy and support nonprofits across Alaska.

Established in 1995, The Alaska Community Foundation (ACF) is a statewide platform for philanthropy. The Alaska Community Foundation currently holds over $55 million for the benefit of Alaskans, granting approximately $5 million each year to charitable projects and nonprofit organizations across the state. The Alaska Community Foundation is comprised of more than 280 funds and endowments, including five Affiliate community funds, the Alaska Children’s Trust, and many others. The ACF mission is to grow philanthropy and connect people who care with causes that matter. The Alaska Community Foundation helps individuals, organizations and communities create funds that – like the Alaska Permanent Fund – provide financial resources to improve the quality of life in Alaska now and forever.

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