An Investment Policy Statement (IPS) should be more than a document that sits on a shelf-it is the "North Star" for your Foundation's financial health. For community college foundations, balancing immediate student support needs with long-term endowment growth requires an IPS, reserve policy and an endowment spending policy that is disciplined, adaptable and mission driven.


This interactive session provides a practical roadmap for board members and executive directors to review, revise, and update their IPS. We'll move beyond boilerplate to ensure your policy reflects current market realities, institutional risk tolerance, and an evolving balance of priorities. Additionally, participants will see a sample of a reserve policy that enables an endowment spending practice that aligns with UPMIFA and prevents foundations from hording earnings meant for student support.


. What We'll Cover

� The Anatomy of a Modern IPS: Identifying critical components of an effective IPS.

� Aligning Spending with Strategy: Ensure spending policies and asset allocations work in harmony.

� Governance & Oversight: Clarifying roles of Investment Committees versus Outsourced advisors.

� Red Flag Identification: Spotting outdated language that may limit your foundation's operations.

� A sample reserve policy that enables a student driven endowment spending policy.

� The Revision Roadmap: A step-by-step process for updating your IPS.