Could This Help Historically Black Colleges Fix Their Endowment Woes?
February 13, 2024
The endowments of Historically Black Colleges and Universities in the U.S. are woefully underfunded and under resourced.
Somer Washington
Somer Washington is a Managing Director in KPMG’s Dallas/Ft. Worth Asset Management practice, where she delivers specialized attestation services to private equity, hedge fund, and real estate managers.
With 19 years of experience in the investment management industry, Somer has honed her expertise in providing financial statement audits and attestation services. She focuses particularly on private equity clients, with a strong emphasis on senior secured lending and debt strategies. Her client base also includes hedge funds, private equity and credit funds, real estate funds, fund of funds, investment advisors and introducing broker dealers. In addition, Somer serves as a key technical resource for Multi-Firm engagements subject to the Cayman Private Funds and Mutual Funds laws.
Before joining KPMG, Somer began her career at Ryan, where she worked with Fortune 500 companies on sales and use tax audit defense. In 2006, she transitioned to Rothstein Kass, a renowned public accounting firm specializing in asset management, where she was responsible for both audit and tax services for a variety of entities within the industry. Somer became part of KPMG in July 2014 because of the KPMG’s acquisition of Rothstein Kass.
Somer is also deeply committed to giving back to her community. She actively participates in initiatives aimed at mentoring and supporting women in finance and accounting, advocating for diversity and inclusion within the industry. Somer is involved with several local organizations that focus on providing educational and career development opportunities for underserved youth, helping to create pathways for the next generation of leaders. Her commitment to service extends to volunteering with various nonprofit groups that focus on financial literacy, economic empowerment, and social responsibility.
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The endowments of Historically Black Colleges and Universities in the U.S. are woefully underfunded and under resourced.
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