The college's Trustee Committee on Investments provides fiduciary oversight for the endowment investment management. The committee-approved investment policy and spending policy serve as guidelines for the endowment investment program.
The purpose of the endowment is to support the students. Our goal is to have returns sufficient enough to achieve intergenerational equity. The following Board approved policies help support this goal:
- Investment Policy - sets the asset allocation, and is reviewed regularly and updated as needed.
- Spending Policy - allows spending of approximately 5% of the Endowment each year. The change from year to year is capped at 5% up and 1% down.
Additionally the College has established a Proxy Voting process. The Campus Sustainability Council identifies a team to review proxies and may submit votes on securities the College directly owns.
Interactive Endowment Graphs>>>
June 30, 2017 Market Value & Asset Allocation
|Asset Allocation||Policy Allocation||Market||Actual|
|Cash & Fixed Income||10%||5-20%||$95,447||14%|
|BIPT (Funds held by others)||$34,975|
|Total Endowment Value||$743,281|