Â鶹ÊÓƵ

The Investment Committee (Committee) is established in the Bylaws as a Designated Body of the Board of Trustees. This Designated Body is responsible for overseeing policies and issues related to the University's endowment and the investment of University funds.

Committee Members, 2023-2025

• Wesley G. Bush, Chair
• Janice Menke Abraham, Vice Chair
• Amy Chen^
• Victoria C. Harker
• Alan L. Meltzer
• Leigh Riddick^
• Jeffrey A. Sine

^Non-Trustee committee member

Resource Person

Cabinet Members:

CFO, Vice President and Treasurer

Ìý

CHARTER

Purpose

The Investment Committee (Committee) is established in the Bylaws as a Designated Body of the Board of Trustees. This Designated Body is responsible for overseeing policies and issues related to the University’s endowment and the investment of University funds.

Organization

1. Membership/Structure. Pursuant to the Bylaws (Article VII, Other Standing Committees, Subcommittees, and Designated Bodies) and the Board Policies (Article IX, Election of Committee Officers and Members), the Investment Committee, serving as a Designated Body of the Board of Trustees, shall consist of four or more individuals nominated by the Trusteeship Committee and may include non-trustee members so long as trustee members are in the majority. Members are approved by the Board of Trustees. The Chair and Vice Chair(s) of the Designated Body shall be nominated by the Trusteeship Committee and approved by the Board of Trustees.
2. Staff Designee. The CFO, Vice President of Finance and Treasurer shall be responsible for staffing the Designated Body.
3. Meetings. Meetings shall be held quarterly, or as deemed advisable by the Chair of the Designated Body.
4. Agenda, Minutes and Reports. The Chair of the Designated Body, in collaboration with the Staff Designee, shall be responsible for establishing the agendas for meetings of the Designated Body. An agenda, together with relevant materials, shall be sent to the Designated Body members in advance of each meeting. Minutes for all meetings shall be prepared in draft form by the Staff Designee and reviewed by the Chair and shall be approved by the Designated Body members at the following meeting. The general session minutes shall be available for review by any member of the Board of Trustees or any member of the Designated Body. The closed executive session minutes shall be available for review by any voting member of the Board of Trustees or by any voting member of the Designated Body. The Designated Body shall make regular reports to the Board of Trustees and to the Board of Trustees Finance Committee.
5. Review of Charter. The Designated Body shall conduct a self-assessment and review its charter on a periodic basis, or as required by Board policy.

Roles and Responsibilities

Guided by the University's mission and its strategic plan, the Investment Committee, as Designated Body, is charged with supporting and monitoring the prudent investment and management of the University’s endowment assets, recommending the appointment of investment advisors, and the development of the University's investment allocation policy. The Investment Committee leads the Board’s engagement on emerging issues, helps set priorities, and provides guidance to the Board of Trustees on oversight of the University's endowment.

The Investment Committee, as a Designated Body and fiduciary, will:

• Develop and maintain investment policy;
• Establish the investment asset allocation;
• Set risk tolerances and controls;
• Recommend annual spending policy;
• Discuss changing market conditions and strategy;
• Consider social issues related to investments;
• Report results of the investment program periodically to the Finance Committee; and
• Ensure that there is a regular review the University’s goals relating to increasing diversity, equity and inclusion as they pertain to the areas for which the Designated Body has oversight responsibilities, the progress that the University is making in achieving those goals, and actions the Designated Body and Board of Trustees should consider taking to support the University’s efforts.

Updated May 2024