Investment Policy and Objectives for the Domestic & Foreign Missionary Society (“DFMS”) Endowment and trust assets (“Endowment”).
The purpose of this Investment Policy is to assist the Investment Committee of the Executive Council of the DFMS in effectively supervising, monitoring and evaluating the investment of the Endowment’s assets. The Endowment’s investment program is defined in the various sections of this Investment Policy statement (“IPS”) by:
stating the Investment Committee’s expectations, objectives and guidelines with regard to the Endowment;
encouraging effective communications between the Investment Committee and the Endowment’s service providers by stating the responsibilities of the Investment Committee, the investment managers, and the investment consultant; and
establishing procedures for selecting, monitoring, and replacing investment managers.