W.K. Kellogg Foundation Promotes Carlos Rangel
W.K. Kellogg Foundation in Battle Creek has announced the promotion of Carlos Rangel to vice president and chief investment officer of the Foundation. Rangel is a board member, endowment committee member and chair of the operating committee for Family & Children Services.
“As chair of the agency’s operations committee and as a member of the endowment committee, Carlos provides guidance and support to human resources, information technology, and facilities activities, as well as the agency’s long-term investment planning and utilization,” said Kitty Scheffers, director of operations at Family & Children Services. “Throughout 2020, each of these functional areas faced new and unprecedented challenges. Carlos was—and is—unwavering in his commitment to the agency in sharing his knowledge, leadership, and expertise to ensure the agency continues to support children and families through the most difficult times. The agency is fortunate for Carlos’ dedication to our mission.”
“We appreciate Carlos’ ability to recruit the expertise we need to join our board committees,” said Sherry Thomas-Cloud, chief executive officer of Family & Children Services. “Carlos is always ready to serve as a volunteer when and wherever we need that skilled helping hand. It’s no surprise to us that others recognize his value just as we do.”
In his new role at the W.K. Kellogg Foundation, Rangel will serve as a member of the Foundation’s executive council. He will be responsible for the management and oversight of their endowment and trust investments, provide leadership for team execution and quality performance against allocation targets, and shape the development of research and analysis toward fact-based improvements to short- and long-term asset allocations.
Rangel was chosen after a national search. He was previously the director of investments for the Foundation, as vice president and chief investment officer.
“Carlos Rangel made a personal commitment many years ago to spend his career putting the financial markets to work for the benefit of society and understands that every dollar the Foundation earns on our investments improves conditions for children,” La June Montgomery Tabron, W. K. Kellogg Foundation president and CEO, said. “He also has been a leader toward broadening the adoption of racial equity within the financial sector and business community while generating more dollars for grants. We are delighted to have someone with so much insight and expertise in this role.”
Rangel earned bachelor’s and master’s degrees in finance from the University of Michigan-Dearborn and holds chartered financial analyst, financial risk manager, chartered analyst of alternative investments and certificate in investment performance measurement designations.
Founded in 1930 as an independent, private foundation by breakfast cereal innovator and entrepreneur Will Keith Kellogg, the W. K. Kellogg Foundation is among the largest philanthropic foundations in the United States.