A not-for-profit’s investment policy statement is the foundation of the investment process. In addition to helping the organization’s governing body meet its fiduciary duties, a well-documented policy statement provides structure and parameters to the investment process.

We work closely with foundations, endowments, and other not-for-profit organizations to create investment policy statements that articulate:

  • Investment objectives, risk tolerance, and time frame
  • Target rates of return and macroeconomic assumptions
  • Acceptable types of investments and prohibited transactions
  • Process for selecting, monitoring, and replacing investment managers
  • Acceptable allocation ranges for asset classes
  • Cash distribution guidelines and requirements
  • Timeline for reviewing investment performance and guidelines