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Resolutions of
The Board of Trustees
Lincoln University, PA
RESOLUTION 299
April 19, 2008
| ENDOWMENT
FUND INVESTMENT POLICY
RES299_041908 |
WHEREAS, The Board of Trustees of Lincoln University has elected to be governed by the provisions of Section 5548(c) of the Pennsylvania Non-profit Corporation Law of 1998, as amended, with respect to the endowment funds held by the University; and
WHEREAS, The provisions of Section 5548(c)(3) provide that investments be made that are prudent to preserve the endowment for future generations and provide a stable source of income to further the endowed purposes; and
WHEREAS, The Board of Trustees of Lincoln University has determined that the Investment Policy for Endowments needs to be expanded to provide greater flexibility regarding the types of investments and prudent placement of those investments; and
WHEREAS, The Investment Committee of Board of Trustees of Lincoln University has reviewed the updated policy and determined that it is prudent to utilize the policy and makes its recommendation unanimously; therefore be it
RESOLVED, That the Board of Trustees of Lincoln University hereby adopts the Lincoln University Endowment Fund Investment Guidelines and Policies submitted April 19, 2008.
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