Covington Capital Management Chairman Frank Ulf Named Chairman of The Ralph M. Parsons Foundation; Pasadena Resident Has Long Service to L.A. Nonprofits

LOS ANGELES, March 28, 2012 /PRNewswire-USNewswire/ -- Franklin E. Ulf, a veteran leader in the Southern California investment management industry, has been elected chairman of The Ralph M. Parsons Foundation, based in downtown Los Angeles.

Ulf originally joined the Parsons board in 1995. He received his bachelors degree from Pomona College and an MBA from the University of Southern California. He is a Pasadena resident.

He serves on a several civic and nonprofit boards, ranging from the California Science Center Foundation to the Board of Leaders of the USC Marshall School of Business. He also serves on the boards of the Performing Arts Center of Los Angeles County, YMCA of Metropolitan Los Angeles and Pomona College.

Since 1978, The Ralph M. Parsons Foundation has been one of the most influential private grantmakers in California. Currently, RMPF's assets total $369 million and in 2011, the foundation awarded 271 grants worth a total of $20.6 million. Originally founded in 1961 as the corporate philanthropic arm of the Ralph M. Parsons Company, RMPF today is completely independent and has no corporate ties. The foundation makes grants in four general interest areas: higher education; civic and cultural; health, and social impact.

Contact: Wendy Garen, president and CEO: 213-362-7600
[email protected]
www.rmpf.org

SOURCE The Ralph M. Parsons Foundation