The Investment Committee is to advise the Board on all matters related to the investment policy and investment guidelines, the selection of appropriate asset classes and investment managers and allocating funds to them, setting and changing the weighting of asset classes, establishing investment performance benchmarks, and appraising investment manager performance. The Investment Committee will review and evaluate investment results and take whatever action is deemed prudent when an investment manager fails to meet performance standards or violates the investment guidelines. The Investment Committee will review investment management and investment related costs affecting the LT Fund at least annually.
The Investment Committee is also responsible for securing outside professional counsel and communicating with them regarding expectations as well as setting the endowment spending guidelines and approving the written policy guidelines to preserve the purchasing power of the endowment.
Last Updated on June 24, 2019