Deep Not-for-Profit Expertise

A partner who understands your challenges

When you choose to work with SunTrust’s Foundations and Endowments Specialty Practice, you’ll align your organization with some of the brightest financial minds in the industry; individuals who not only work with nonprofits, but also work in them. Every member of our team volunteers with one or more nonprofits, and the vast majority serve in leadership roles. We have committed our professional lives to the service of the nonprofit community.

100 Years of serving the not-for-profit community
$30B+ Not-for-profit assets under administration
700+ Clients who rely on us for conflict-free fiduciary investment advice
20 Years Average experience of our Executive Team working with not-for-profits
17 Years Average tenure of our not-for-profit clients

Trusted leadership that puts your needs first

The commitment of our relationship, investment and administrative professionals is a direct reflection of our leadership team – driven by a relentless determination to maximize your organizational impact.

Stephen Yarbrough
Head of SunTrust Institutional Investment Solutions

Stephen’s responsibilities include management of SunTrust’s Foundations and Endowments Specialty Practice, Employee Benefit Solutions and Escrow Services business units. His team serves a wide range of institutions including foundations, public charities, healthcare organizations, associations and corporations. Together, these businesses provide specialized solutions in discretionary investment management, advisory and consultative services for over 1,800 clients with more than $40bn in assets.

Across Institutional Investment Solutions, Stephen has fostered a culture focused on delivering expertise that meets our clients’ unique needs. This has resulted in both long-lasting client relationships as well as high teammate engagement. In 2014, the Foundations and Endowments Specialty Practice was named “One of the Best Places to Work” by Pensions and Investments magazine.

Stephen has over 25 years of experience within the investment management industry. During his career, Stephen has held a variety of leadership and strategy roles with increasing responsibility.

Stephen graduated from the Virginia Military Institute in 1990 with a B.A. in Economics. He received a commission as a 2nd Lieutenant and served in the U.S. Army Reserve.

Stephen’s commitment to the community is evident in his leadership at several organizations. He is a past member of the board of trustees at the Georgia Trust for Historic Preservation, a current Trustee for the Camp-Younts Foundation and serves on the board of advisors for Girls on the Run - Atlanta.

Elizabeth Cabell Jennings, CFA, CAIA
Senior Vice President, Director of Institutional Investments

Elizabeth is the Director of Institutional Investments within the Foundations and Endowments Specialty Practice. She has earned the professional designations of Chartered Financial Analyst (CFA®), Chartered Alternative Investment Analyst (CAIA®) and Accredited Investment Fiduciary (AIF®) and holds a Bachelor of Arts degree in Economics from The College of William and Mary and a Master of Business Administration from the joint global program of IE and Brown University.

Elizabeth’s role is to provide leadership and oversight to the Investment Advisory and Outsourced Chief Investment Officer roles across the SunTrust footprint within the Foundations and Endowment Specialty Practice. She is responsible for the articulation and implementation of the disciplined and consistent investment process employed throughout the practice.

In her thirty plus year career she has held leading investment positions including heading the Regional Institutional and High Net Worth investment advisory team at Thompson, Siegel and Walmsley, LLC. She has also worked as a consultant to nonprofit organizations to evaluate and select investment managers and OCIO providers.

Elizabeth serves as Trustee and Investment Committee Vice-Chair at the College of William and Mary Foundation and is presently Investment Committee Chair and Board member at the Virginia Theological Seminary in Alexandria. She also serves as a Trustee and Investment Advisory Committee Chair at the City of Richmond Retirement System. She is presently Co-Chairing the Capital Campaign of the Richmond Symphony as well as serving on the boards of Hollywood Cemetery in Richmond and Church Schools in the Diocese of Virginia. Formerly, she served as Board Chair of the St. Catherine’s School Board of Governors and President of the St. Catherine’s School Foundation.

Mike T. Hill 
Managing Director, Head of Institutional Consulting

Mike Hill is a senior investment advisor and a member of the management team within the Foundations and Endowments Specialty Practice at SunTrust Bank. Mike offers clients more than 27 years of investment management experience, with an exclusive focus on institutional clients. His experience includes debt structuring, portfolio management, global asset allocation and strategic consulting. Mike attended the University of Tennessee and Belmont University earning a Bachelor of Science degree in Biology and also a Bachelor of Business Administration in Finance.

As an Investment Advisor, Mike advises on the development and implementation of investment strategies to help clients meet their short and long term goals. He follows a disciplined process of assessing an organization’s financial situation, determining risk tolerance, forming and executing an appropriate investment strategy, and regular portfolio rebalancing and reporting in order to obtain measurable results. Mike and his team’s work focuses on discretionary and non-discretionary investment mandates for clients nationally.

Mike joined SunTrust in 1999 following a career as a proprietary trader for a southeastern investment bank specializing in fixed income derivative securities. Upon joining SunTrust, Mike was a portfolio manager for Trusco Capital Management managing their flagship, large cap core equity strategy.

A native of Nashville, Mike is a member of the Board and Vice Chair of the CFA Institute and Nashville Society of Financial Analysts. Mike is a member of the Board and past Chair of the Nashville Humane Association Supporting Foundation. Mike is an alumnus of Leadership Nashville and active in the not-for-profit community.

Philip Millians, CTFA 
Senior Vice President, Director of Client Service

Philip Millians is the Director of Client Service within the Foundations and Endowments Specialty Practice at SunTrust Bank. As the Director of Client Service, Philip is responsible for client service delivery within the Foundations and Endowments Specialty Practice. In this role, Philip manages a team of Client Managers who serve as key, strategic advisors to new and existing not-for-profit relationships. His team provides deep not-for-profit insight and expertise to clients in addition to overseeing the administration of accounts.

Philip offers clients more than 30 years of experience within the financial services industry including the last 22 years working exclusively with not-for-profit organizations. Philip has earned the Certified Trust and Financial Advisor (CTFA) designation and is a graduate of the University of Georgia (AB-Economics) and the National Graduate Trust School at Northwestern University.

Philip volunteers his time with many civic and community service organizations and presently serves on the Board of Historic Oakland Foundation, the Advisory Board for the Shepherd Center and is a member of the Woodruff Arts Center Annual Campaign Committee. In addition, Philip is a member of the Georgia Planned Giving Council, Leadership Georgia and Peachtree Presbyterian Church. Philip currently serves as an Elder and Clerk of Session with Peachtree Presbyterian Church and is a past Chairman on the Foundation’s Committee for the Woodruff Arts Center Annual Campaign. Philip and his wife, Julie have two adult children.

Quanda Allen, CAP 
Group Vice President, Director of Practice Development

Quanda Allen is Group Vice President and Director of Practice Development within the Foundations and Endowments Specialty Practice.

As Director of Practice Development, Quanda serves as the marketing and business strategist for the line of business. She is the founder of our thought leadership program and leads the editorial process. She is a frequent contributor to white papers, podcasts, and presentations on a wide variety of topics including nonprofit governance, fundraising, endowment spending policy, and investment committee dynamics. Quanda also serves as corporate trustee overseeing $700,000 in grantmaking annually for 3 private foundations. She offers clients more than 20 years of nonprofit and 10 years of client management experience. Quanda has earned the professional designation of Chartered Advisor in Philanthropy (CAP ®) and is a graduate of Howard University (B.B.A.) and Georgia State University (M.U.P.S).

Quanda joined SunTrust in December of 2012 after 5 years with U. S. Trust/Bank of America Corporation, most recently having served as Senior Vice President and Senior Philanthropic Relationship Manager in Atlanta, GA and Washington, DC. Prior to her financial services experience, Quanda led the development, community engagement and marketing functions at several large Atlanta-based nonprofit organizations. She also worked as an associate consultant at Bain and Company.

Quanda volunteers her time with several organizations. She is a board member of Transformer D.C., the Boy Scouts of the National Capital Area and Sitar Arts Center. She formerly chaired the African-American Teammate Network for the SunTrust Greater Washington Diversity Council and holds membership in Alpha Kappa Alpha Sorority, Inc. and the Junior League of Greater Washington. In 2009, Quanda was recognized by Outstanding Atlanta for her exemplary civic engagement and professional accomplishments. In 2015 and 2016, she was recognized with a SunTrust Presidential Milestone Volunteer Award.

  • To learn more about SunTrust’s Foundations and Endowments Specialty Practice, or to schedule an in-person meeting Call 866.223.1499

Cultivate an environment where your members hold themselves accountable for their individual actions and contributions, as well as their collective contributions to the committee and to the greater organization.


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