Northern Trust to Manage Investment Program for Lafayette Library and Learning Center Foundation

SAN FRANCISCO--(BUSINESS WIRE)--

Northern Trust announced today that it has been selected to provide discretionary investment services for the Lafayette Library and Learning Center Foundation (LLLC Foundation), a place where all generations can gather for enriched intellectual and cultural experiences. More than 10 years in the making, the LLLC Foundation represents a community-driven effort to build a regional resource and national model for the library of the future.

"We are delighted to partner with the Lafayette Library and Learning Center and look forward to maintaining, growing, and strengthening this relationship for years to come," said Darius A. Gill, National Practice Executive, Northern Trust Foundation and Institutional Advisors.

Northern Trust's Foundation & Institutional Advisors group serves nonprofit organizations through sophisticated investment management solutions, strategic insights and world-class resources. Northern Trust provides investment advice, asset servicing and other related services to help nonprofit organizations achieve their financial and philanthropic goals cost-effectively. Northern Trust collaborates with board and investment committee members to assist them with their investment oversight duties and governance. More information about Northern Trust Foundation and Institutional Advisors can be found at www.northerntrust.com/FIA.

Northern Trust Wealth Management specializes in Goals Driven Wealth Management backed by innovative technology and a strong fiduciary heritage. Northern Trust Wealth Management is ranked among the top 10 U.S. wealth managers, with $234 billion in assets under management as of June 30, 2016, and a wide network of wealth management offices across the United States.

The Northern Trust Company is an Equal Housing Lender. Member FDIC.

About Northern Trust

Northern Trust Corporation NTRS is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, and affluent families and individuals. Founded in Chicago in 1889, Northern Trust has offices in the United States in 19 states and Washington, D.C., and 22 international locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2016, Northern Trust had assets under custody of US$6.4 trillion, and assets under management of US$906 billion. For more than 125 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Visit northerntrust.com or follow us on Twitter @NorthernTrust.

Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Global legal and regulatory information can be found at https://www.northerntrust.com/disclosures.

Lafayette Library and Learning Center Foundation

In collaboration with community partners, the mission of the Foundation is to sustain the Lafayette Library and Learning Center, home of the Glenn Seaborg Learning Consortium, as a community place and regional resource that offers enriched experiences for all ages. The Lafayette Library and Learning Center Foundation is responsible for funding over 50% of annualized operating costs – to keep the library open 7 days a week, fund community programming, collection materials, and maintenance and operations.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160804005050/en/