# TIAA Kaspick

TIAA Kaspick is an Asset Manager based in Boston, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Boston, United States
- **Region:** North America
- **Address:** Boston, MA, United States
- **Founded:** 1989
- **Assets under management:** Undisclosed
- **Website:** tiaa.org

## Regulatory record

- **CRD number:** 104554
- **SEC file number:** 801-28179
- **Registration status:** Registered
- **Reports private funds:** No
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/104554

## About

TIAA KASPICK, LLC is an SEC-registered investment adviser in Boston, MA, since 1986. The firm manages $8.7 billion in assets. It has 115 employees and 16 investment advisers.

## Sectors

- Philanthropic Advisory
- Planned Giving
- Nonprofit Endowments

## Offices

- Menlo Park, CA

## People

- John Kaspick — Founder
- Kathleen Kelly — Managing Director

## Questions

### Who runs investment decisions at TIAA Kaspick?

TIAA Kaspick manages planned-giving assets through TIAA's broader institutional investment platform rather than operating a separate investment committee. The firm's Managing Director, Kathleen Kelly, oversees client relationships and trust administration, while asset allocation and manager selection are executed within TIAA's centralized investment management structure. This means Kaspick clients access the same investment capabilities as TIAA's retirement and endowment accounts.

### How is TIAA Kaspick related to the larger TIAA organization?

TIAA acquired Kaspick & Company in 2006 and integrated it as a wholly-owned subsidiary operating under the TIAA Kaspick brand. The unit reports through TIAA's institutional services division and benefits from TIAA's balance sheet, distribution relationships, and investment platform. It remains legally distinct for trust-administration purposes but is not an independent fiduciary — ultimate governance runs through TIAA's corporate structure in New York.

### What types of charitable vehicles does TIAA Kaspick manage?

The firm specializes in split-interest gifts: charitable remainder trusts, charitable lead trusts, charitable gift annuities, and pooled income funds. More recently, TIAA Kaspick has expanded into donor-advised fund administration. These vehicles serve donors who want to transfer assets charity while retaining an income stream, and the nonprofit clients that ultimately receive the remaining principal.

### Does TIAA Kaspick work directly with individual donors, or only with nonprofits?

TIAA Kaspick primarily contracts with nonprofit institutions, which engage the firm as an outsourced administrator for their planned-giving programs. Individual donors interact with the nonprofit's development office, not directly with Kaspick. The firm handles back-office trust accounting, tax reporting, investment management, and beneficiary distributions — but the relationship and gift solicitation remain with the charity.

### What differentiates TIAA Kaspick from a typical trust company?

The firm's embedded position within TIAA gives it a distribution advantage that independent trust companies lack. TIAA already serves over 15,000 institutional clients for retirement plans; Kaspick's planned-giving services are cross-sold to the same finance and development offices. No standalone planned-giving manager can match that institutional footprint. The trade-off is that Kaspick clients are tied to TIAA's investment platform, limiting open-architecture flexibility relative to independent trust providers.

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Last updated: 2026-06-03T20:00:00.000Z

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