Truman State University Foundation:
Investment Policy
Donors
who create endowed funds are investing in the future excellence of
Truman State University. Endowed funds are managed in the University's
permanent endowment portfolio.
The Truman State University Foundation has established an investment and
spending policy that provides income for the University in perpetuity,
while protecting and growing the principal. A portion of the earnings
are awarded for the fund's designated annual purpose; remaining earnings
are reinvested to ensure long-term growth of the principal. Annual
awards are based on the rolling three-year average of investment
returns.
The overall philosophy, recommended selection and retention of investment managers, monitoring and evaluation of performance, and policies for the distribution of investment earnings and spending are the responsibility of the Investment Committee of the Foundation Board.
Truman's assets are managed by the investment firm of TIAA-CREF, one of the largest financial organizations in the United States and a firm synonymous with education. TIAA-CREF has more than $345 billion in assets under management, and receives the highest ratings by services such as Moody's and Standard and Poor's.
For more information contact:
Office of Advancement, McClain
Hall 100, 100 E. Normal St., Kirksville, Mo. 63501-4221; Telephone:
(800) 452-6678 or (660) 785-4133; Fax (660) 785-7519.