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Okabena Company together with its subsidiary Okabena Investment Services, Inc. provides integrated investment and wealth management solutions to individuals and families of wealth. Founded in 1967 to serve the Dayton family's (which founded Target retail stores) investment and financial services needs, Okabena Company has established itself as one of the nation's foremost family offices. Okabena Company has also stewarded the Dayton family's philanthropic activities for more than 50 years and in the process has gained a deep understanding of philanthropic organizations, their needs, and their cultures. In 1994, Okabena formed a wholly-owned subsidiary, Okabena Investment Services, Inc., to hold the investment operations of the enterprise. In 1996, OIS extended its investment management services to small and mid-sized tax-exempt organizations outside the Dayton family, under the brand name of Okabena Advisors. Today, Okabena Advisors provides discretionary investment management and administrative services to a variety of nonprofit organizations throughout the country, including endowments, foundations, and associations. According to published reports, Okabena's investment subsidiary, which manages approximately $1.3 billion, currently serves down to the sixth generation of Dayton family members.
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