Endowment Investment Guidelines and
Spending Policy
The endowments of the Foundation are to be managed in accordance with the Investment Policy Guidelines and Objectives adopted by the Georgia Southern University Foundation Board of Trustees.
The current investment manager of the endowment assets is Trusco Capital Management.
The Investment Committee of the Foundation Board of Trustees shall set the level of spending for the endowment on an annual basis.
The endowment shall consist of Donor Contributions, Earnings, Expendable Income, and Unrealized Gains/Losses in addition to current activity (contributions, expenditures).
All contributions will be credited to the Donor Contributions of the endowment and will remain in perpetuity of the endowment.
All earnings (interest, dividends, realized gains and realized losses) will be placed in a separate sub-account called Earnings.
Expendable Income consists of allocations based on spending policy, currently 5% of the three year moving average of the endowment fair market value. The expendable income allocation will be moved from Earnings into Expendable Income. In addition, any expenditures paid from the endowment will be paid from Expendable Income.
The endowment will not be allowed to incur expenses until two years expendable income allocations have accumulated (currently 10%).
The minimum scholarship award shall be $500.
Any fluctuation of the market value of the endowment will be placed in a separate sub-account called Unrealized Gains/Losses.
Earnings will be posted on an annual basis at the end of each fiscal year ending June 30.
Annual endowment reports will be produced and mailed to the endowment benefactor after the close of the fiscal year.
Effective
May 1, 2003