Section:   Endowment Management Number:  45.001   
Title:  Roles and Responsibilities - Endowment Management

Index

POLICY

APPENDIX

  • None.
  • POLICY

    .100  POLICY STATEMENT 

    The policy sets forth high-level Endowment Management roles and responsibilities for the Chancellor's Office and the Institutions.

    .110  POLICY RATIONALE

    OUS seeks to ensure that the high-level roles and responsibilities of the Chancellor's Office and the Institutions related to Endowment Management are documented, communicated, and clearly understood and applied.

    .120  AUTHORITY

    .130  APPROVAL AND EFFECTIVE DATE OF POLICY

    Approved by the Budget and Finance Committee of the Board on 2/15/02 as part of the Fiscal Accountability Framework Final Report.  The effective date of the policy is 3/1/02.

    .140  KNOWLEDGE OF THIS POLICY

    All Chancellor's Office and institutional personnel with endowment management and related responsibilities should be knowledgeable of this policy.

    .150  DEFINITIONS

    None.

    .160  HIGH LEVEL ROLES AND RESPONSIBILITIES

    A.  CHANCELLOR'S OFFICE

    High level roles High level responsibilities
    Investment Strategy Works with external consultants to develop an investment strategy.  Presents this strategy to the Investment Committee of the Board and to the Oregon Investment Council for approval.
    Investment Reporting Prepares investment reports to the Board and the Oregon Investment Council and institutions.
    Managing Endowments Receives and pools both endowments and interest on endowments centrally.  Establishes and manages endowments as directed by the donors.
    Distribution of Endowment Earnings Responsible for the calculation and distribution of endowment earnings on a monthly basis.

    .690  CONTACT INFORMATION

    Direct questions about this policy to the following offices:

    Subject Contact
    General questions from institutional personnel Institution Office of Business Affairs
    General questions from institutional central administration and Chancellor's Office personnel Chancellor's Office Controller's Division

    .695  HISTORY

    10/15/03 - Reformatted

    2/15/02 - Approved 

    Policy Last Updated: 10/15/03

    APPENDIX

    None.

    Appendix Last Updated:  10/15/03