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