Citizens for Modern Transit (CMT) is seeking proposals to provide investment advisor (asset management) services for its board designated endowment account. CMT is a tax-exempt, 501(c)(3) non-profit organization .
CMT is the region’s transit advocacy organization. It was established in 1985 to help bring light rail to St. Louis and works to develop, support and enhance programming and initiatives to ensure safe, convenient and affordable access to the region’s integrated public transportation system. CMT manages a board-designated endowment account established through the sale of right-of-way in 2002.
These funds represent the endowment funds of Citizens for Modern Transit (CMT). The primary objective for these funds is to provide operating income as needed to CMT and to preserve the purchasing power of the principal, over and above the rate of inflation. Future withdrawals may be made for projects that benefit CMT and/or improved transit service and accompanying economic development opportunities created by transit investment. Deadline is September 28, 2020.