Effective Date: December 8, 2009
Last Reviewed: December 8, 2009
The Board of Trustees delegates the general oversight of the College’s investments to the Board of Trustee Investment Committee. The Investment Committee is responsible for reviewing and approving the College’s investment procedure guidelines and delegating the operational execution of those guidelines to the College administration, who acts under the Investment Committee’s general supervision. The Vice President for Finance and Treasurer has been delegated transaction authority, according to the College Bylaws, for the investment of funds.
The Investment Committee meets as necessary to review the investment guidelines, compliance, asset allocation, portfolio and manager performance, and other investment questions.
The Vice President for Finance has the authority and responsibility to develop, install, and oversee the operations of suitable business systems to accomplish the investment function.