PURPOSE:
The purpose of this Investment Directive is to provide a clear statement of the Organization’s investment objective, as defined in the organization’s Bylaws and establish a Finance Committee that is involved in preparing recommendations to the Board relating to the management of the Organization’s investments.
OBJECTIVE:
The overall investment objective of the Organization is to maximize the return on invested assets while minimizing risk and expenses. This is done through prudent investing, planning, and the maintenance of the portfolio.
GENERAL PROVISIONS:
All transactions shall be for the sole benefit of the Organization. The Finance Committee will update or reaffirm the Organization’s investment policy on an annual basis or sooner if warranted.
