COMMITTEE CHARTER FOR THE
The Investment Committee will assist the Board of Trustees in fulfilling its oversight
responsibility for the investment assets of the Foundation. The Committee is responsible for
formulating the overall investment policies of the Foundation, subject to approval by the Board
of Trustees, and establishing investment guidelines in furtherance of those policies. The
Committee monitors the management of the portfolio for compliance with the investment
policies and guidelines and for meeting performance objectives over time.
a. The Investment Committee shall consist of the Chair of the Board, the President and a
minimum of three additional Trustees. The Chair of the Board shall designate the Chair of
b. The Committee shall meet three times a year in connection with regularly scheduled
meetings of the Board of Trustees.
c. A majority of the Committee shall constitute a quorum for the transaction of business at any
meeting thereof, and the act of a majority of the members of the Committee present at any
meeting at which a quorum is present shall be the act of the Committee.
Roles and Responsibilities
The Committee shall be responsible for:
a. Setting investment policies (subject to approval of the Board of Trustees) and guidelines,
including policies and guidelines regarding asset classes, asset allocation ranges, and
b. Overseeing investment and reinvestment of the funds of the Foundation. The Committee
may delegate investment functions to officers and employees of the Foundation and to
external investment managers.
c. Monitoring the management of the funds by reviewing written reports from investment staff
and by discussions with investment staff at Committee meetings that focus on the primary
determinants of returns, including asset allocation and investment strategy.
d. Evaluating investment performance of the fund based on a comparison of actual returns with