The Policy

1. The annual income earned from the investment of Endowment Funds shall be allocated as follows:

a) 85% for award disbursements

b) 10% for reinvestment

c) 5% for costs related to administration

2. The annual income earned from the investment of all other contributions shall be allocated as follows:

a) 95% for the intended purpose of the contribution

b) 5% for costs related to administration

 

Monitoring

The Corporate Secretary-Treasurer shall provide an annual report to the Fanshawe College Foundation Board of Directors demonstrating the allocation of investment income.

 

Fanshawe College Foundation

Board of Director's Policy Manual

Category D- Board-Operational Expectations

Title: Investment Income Allocation

Policy Number: D-32

Effective Date: 2017 06 01

Reference: 10-C.1, 4201