Investment Policy

You now have the opportunity to designate a separate invest/divest policy for each investment period. Our investment periods are the months for which the funds will be available for you to use (the month after quarter end).

For both the gift accounts and the spendable earnings accounts you need to choose from one of the policies listed below:

• Policy one -- Invest all funds
• Policy two -- Cash available = dollar amount needed for future use
• Policy three -- Invest no funds

For example, if a $1,000 scholarship award is to be paid twice a year you may choose policy two enter $500 for cash available in investment periods one and three, and choose policy one (invest all funds) for investment periods two and four. Remember, for permanent endowments all funds in the gift accounts must be invested, but you can choose your options for the spendable earnings accounts.