Endowment gifts are made with an expectation by the donor and the commitment by the Foundation that only a portion of the investment return generated by the gift may be spent. These gifts are placed in individual, named accounts and endowments are invested through one of the Foundation's diverse funds.
The Investment Committee consists of a minimum of four members appointed by the Chairman of the Board of Trustees from the members of the Board of Trustees. The Chairman and Vice Chairman of the Board of Trustees and the President and Chief Executive Officer of the Foundation also participate as ex officio voting members of the committee. The Investment Committee is charged with the responsibility of recommending investment and spending policies to the Board of Trustees, and ascertaining that approved policies are implemented and followed.
The Investment Committee meets at least quarterly.