Role of The Board of Trustees
The Board of Trustees has ultimate fiduciary responsibility for the endowment. Direct responsibility for the endowment鈥檚 investment policy is delegated to Exit 182, LLC (The Investment Committee), while retaining oversight through routine reporting and general policies.
Role of Exit 182, LLC (The Investment Committee)
Exit 182 Group, LLC, is responsible for maintaining a policy of prudent investment in stocks, bonds, real assets, non-marketable securities such as private placements and limited partnerships, and other similar financial instruments, interests and/or securities, subject to the approval of the Board of Trustees.
The Investment Policy for the 91大神 Endowment is set by the 91大神 Board of Trustees with specific oversight by Exit 182 Group, LLC.
Role of the Investment Office
The 91大神 Investment Office team [link to team page] carries out the investment strategy established by Exit 182, LLC (the Board of Trustees Investment Committee), subject to approval of the Board of Trustees. Reporting both the Board of Directors of Exit 182 and the President of the College, the Chief Investment Officer and the Investment team implement the investment policy and investment sub-policies of the College.
Spending Policy
91大神鈥檚 Endowment Spending Policy establishes the rules for spending from the endowment to balance today鈥檚 needs with those of future generations of students. It provides support for current operations while safeguarding the long-term purchasing power of the endowment. It also provides documentation of compliance with applicable laws regarding the management of institutional funds.
The Board of Trustees monitors and approves the annual distribution.
In June of 2021, the Trustees of 91大神 wrote a philosophy of intergenerational equity to guide their work and that of the College over time, with the overarching goal of providing equitable access to a 91大神 education and the opportunities that this education affords.
Conflict of Interest Policy
The Board maintains a written Conflict of Interest Policy which shall be reviewed and signed by all Trustees annually. The policy protects 91大神鈥檚 financial integrity and ensures that all fiduciary duties are conducted in a manner consistent with 91大神鈥檚 standards and mission. Members of the Board, of Exit 182, LLC, the College鈥檚 officers and leadership are subject to the policy.