Boston, March 5, 2008 - Federal Street Advisors, specialists in investment consulting to families and foundations, today announced Jennifer Christian Murtie’s appointment to the newly created position of Director of Foundation Services.

Christian Murtie’s primary role will be to make sure the company is doing what it can to help foundation and non-profit clients achieve their mission with both investment advice and service. In this capacity, she will partner with clients on specific projects and initiatives that allow them to connect investment strategies with ongoing program initiatives.

“The Director of Foundation Services is an expert on the issues and opportunities that foundations and non-profit organizations face from day to day and year to year,” said John LaPann, president of Federal Street Advisors. “Jennifer’s new position will allow our firm to address not just financial issues, but operational, networking and mission-based issues as well.”

While Federal Street Advisors has always emphasized its value-added services to foundation clients, the firm was encouraged to formalize efforts when non-profit assets under advisement approached and cleared $1 billion. In October, 2007, Federal Street Advisors partnered with long time client the Merck Family Fund to co-sponsor “Endowments for Climate Solutions: What You Can Do,” a day-long forum for foundations on mission related investing aimed at the issue of climate change. The session, held in Boston, was attended by 70 representatives of foundations from across the country as well as thought leaders from the public, private and academic worlds.

“I am excited about this new opportunity for myself, the firm and especially our foundation clients,” said Christian Murtie. “Investment consulting firms are in a unique position to partner with foundation clients to assist them in aligning their investment strategy with their mission and grant making programs.”

Media Contact: Larry Marchese, Castle Shore Communications
                      lmarchese@castleshore.com