VCOM Institutional Policy and Procedure Manual

VCOM Policy and Procedure

Policy #B003

Edward Via College of Osteopathic Medicine

Policy Order No.: Effective Date:

B003

June 1, 2009

Revised:

November 2011; December 13, 2013; July 7, 2015; November 1, 2016

Signature on File ________________________ Dixie Tooke-Rawlins D.O. President and Provost

Developed by Investment Committee Members: Mr. John Rocovich, Chairman of the Board, Dixie Tooke-Rawlins, D.O., President; Mr. Ray Smoot BOD and Investment Committee Member, Charles Swaha, Chief Financial Officer and Lesia Brolinson, Investment Consultant. ________________________________________________________________________________ VCOM Investment Policy ________________________________________________________________________________ 1. PURPOSE………………………………………………………………………………………...2 2. PHILOSOPHY…………………………………………………………………………………...2 3. OBJECTIVES……………………………………………………………………………………2 4. GENERAL PRINCIPLES………………………………………………………………………2 5. GOALS FOR RETURNS ON INVESTMENTS……………………………………………….3 6. ASSUMPTIONS………………………………………………………………………………….3 7. DELEGATION OF AUTHORITY……………………………………………………………..3 8. ASSIGNMENT OF RESPONSIBILITY……………………………………………………….4 8.1 Responsibility of the President and CFO………………………………………………….4 8.2 Responsibility of Investment Consultant (s)………………………………………………4 8.3 Responsibility of Investment Manager(s)…………………………………………………5 9. INVESTMENT GUIDELINES…………………………………………………………………5 9.1 Allowable Assets for Long Term Reserves….……………………………………………5 9.2 Allowable Assets for Short Term Reserves.………………………………………………6 9.3 Prohibited Assets for Long Term Reserves and Short Term Reserves................................6 9.4 Prohibited Transactions for Long Term Reserves and Short Term Reserves………….….6 9.5 Stock Exchanges for Long Term Reserves and Short Term Reserves………..…………..6 9.6 Asset Allocation Guidelines for Long Term Reserves….………………………...………7 9.7 Asset Allocation Guidelines for Short Term Reserves……….…………………………...7 9.8 Cost………………………………………………………………………………………..7 9.9 Transferring of Assets to VC Endowment Trust………………………………….....……7 10. DURATION OF POLICY……………………………………………………………………….7

VCOM Investment Policy

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