Welcome to Scribd, the world's digital library. Read, publish, and share books and documents. See more
Download
Standard view
Full view
of .
Save to My Library
Look up keyword
Like this
1Activity
0 of .
Results for:
No results containing your search query
P. 1
February 2011: Developing A Strong Investment Policy Statement

February 2011: Developing A Strong Investment Policy Statement

Ratings: (0)|Views: 10 |Likes:
Published by SingerLewak
Once your organization has clarified roles and responsibilities, your next step is to develop a well-written
investment policy statement (IPS) that outlines a financial strategy that will support the mission of your
nonprofit. An IPS defines the purpose, objectives and measures of success for your portfolio. It also summarizes
the portfolio’s investment strategy and outlines the process for evaluating investment managers.
Once your organization has clarified roles and responsibilities, your next step is to develop a well-written
investment policy statement (IPS) that outlines a financial strategy that will support the mission of your
nonprofit. An IPS defines the purpose, objectives and measures of success for your portfolio. It also summarizes
the portfolio’s investment strategy and outlines the process for evaluating investment managers.

More info:

Published by: SingerLewak on Apr 09, 2011
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PDF, TXT or read online from Scribd
See more
See less

05/16/2011

pdf

text

original

 
Once your organizaon has claried roles and responsibilies, your next step is to develop a well-wrieninvestment policy statement (IPS) that outlines a nancial strategy that will support the mission of yournonprot. An IPS denes the purpose, objecves and measures of success for your porolio. It also sum-marizes the porolio’s investment strategy and outlines the process for evaluang investment managers.A clearly arculated, realisc IPS is arguably the most eecve way to dene a porolio’s purpose andmeasure a commiee’s success at fullling its goals. It also can help establish producve communicaonsand expectaons with outside investment managers and other duciaries.Finally, a well-craed IPS can protect a Nonprot from the emoonal element that oen inhibits a com-miee’s decision-making process. Nonprots are too oen tempted to follow the investment strategiesand pracces of top-performing organizaons. This approach is ill-advised in most cases, because largerinstuons may have experse, sta and other resources beyond those of your nonprot.Investment policy statements should always address the following issues of importance to fullling a non-prot’s mission:
INVESTMENT PURPOSE AND STRATEGY:
• Preservaon• Growth
PORTFOLIO CONSTRUCTION:
Develop a strategy that meets your organizaon’s short and long-term goals
DEVELOPING A STRONG INVESTMENT POLICY STATEMENT
 Stephen P. Carter, CPA - Partner, Assurance & Advisory Practice
FEBRUARY 2011

You're Reading a Free Preview

Download
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->