Description

This five-page Investment Policy Statement addresses the following:

1. Objectives
   1. preserve capital
   2. support charitable mission
   3. long-term growth
   4. balance risk and return
2. Roles and Responsibilities
   1. Board of Directors/Trustees
   2. Investment Committee (if appointed)
   3. Investment Advisors/Managers
   4. Staff (if applicable)
3. Investment Guidelines
   1. Asset allocation
   2. Permitted investments
   3. Prohibited investments
   4. Spending policy (Private Foundations only)
4. Monitoring and Reporting
5. Fiduciary standards
6. Conflicts of interest