The goal of the investment program for the short/mid term investments is to provide support for the operational needs of the Foundation while maintaining low risk of principal.

Investment Objective

For the short-term, the primary investment objective is to support the daily operational needs of the Foundation while preserving the safety of the principal and when possible, to provide for the movements of funds into mid-term and long-term investments to enhance investment returns for the unrestricted operations of the Foundation..

Asset Allocation

To achieve the investment objective, the short-term investments may be moved among a three-tier investment structure, while always maintaining cash sufficient for annual operations.

1. The primary investment objective of tier one investments is to be able to meet the daily operational needs of the Foundation at a maximum yield while protecting the safety of the principal at the lowest investment risk.
2. Any principal not required to meet objective one will be managed to produce an enhanced return by extending maturities beyond a twelve-month investment horizon at the lowest investment risk while protecting the safety of the principal.
3. Excess operating cash that is projected not to be required for a three-year period of time may be invested in the Long-Term Investment Pool.