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Title: BOT Investment Statement (Investment Policy)
Subject: Board of Trustees
Policy No: FIN: 2015:19
Applies: University-Wide
Issuing Authority: President
Responsible Officer: Senior Vice President for Finance and CFO
Adopted: 06/10/2015
Last Revision:1 06/1607/20202021
Last Reviewed:12 08/329/20202022

I.  PURPOSE

1. This Statement is set forth by the Rowan University Board of Trustees (the "BOT") in order to:
1. Clearly define and assign the responsibilities of all involved parties.
2. Clearly identify the goals, restrictions and requirements required by all involved parties regarding the investment and management of the University's Managed Assets.
3. Establish a basis for evaluating investment results.

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1. Budget & Finance Committee means the standing Committee of the University Board of Trustees (the “BOT”).
2. Fiduciaries mean individuals that undertake an obligation to exercise prudence, responsibility and authority in making decisions in connection with managing the assets of the Foundation (or as further defined by applicable law).
3. Foundation means the Rowan University Foundation.
4. Investment Committee means the Committee of the Foundation Board of Directors that oversees the management of the investments of the Foundation.
5. Investment Policy Statement means this document.
6. Managed Assets means those assets, funds, or investments to be managed by the Foundation’s Investment Committee.
7. Money Manager / Investment Manager means an individual or organization employed to manage the investments of all or part of the Managed Assets. A Money Manager / Investment Manager can provide services in a variety of ways including separately managed funds, ETFs, etc.
8. Broker means an individual or organization that sells investments.

V. REFERENCE 

1. Uniform Prudent Management of Institutional Funds Act (UPMIFA) as adopted in New Jersey on March 9, 2009.

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Originally Approved: 6/2015
Reviewed: 8/29/2018 2022 Budget & Finance Committee

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