Investment Policy

Print Friendly, PDF & Email

University Policy Number 2116

Categorized:

Responsible Office:

Policy Procedure: N/A

Related Law & Policy:


I. Scope

This policy applies to the investment and management of George Mason University’s funds not held in the State Treasury.

II. Policy Statement

Investment management is a key component of the University’s success and ability to achieve its mission, including supporting its value of being careful stewards.

III. Investment of Funds

A. Non-State Funds shall only be invested in Authorized Investments in a manner to ensure that the current spending requirements of the University are supported and the University’s daily cash flow demands are met.

B. Donated Funds may be transferred to the George Mason University Foundation, Inc. to manage and invest on the University’s behalf as the University’s agent in compliance with agreement(s) between the University and the Foundation.

 IV. Definitions

A. State Funds: State Funds include tuition and fees, auxiliary enterprises and federal and other monies used for current operations which are deposited into the State Treasury.

B. Non-State Funds: Funds held by the University that do not meet the definition of State Funds and are not transferred to the Foundation. These are also known as local funds.

C. Donated Funds: Endowment funds, bequests, or gifts made payable to the University.

D. Authorized Investments: Certificates of deposits, U.S. Treasury Bonds and Money Market Funds

V. Compliance

The Senior Vice President shall routinely monitor and evaluate investment results of all Non-State Funds and Donated Funds.

VI. Dates:

A. Effective Date:

This policy will become effective upon the date of approval by the Board of Visitors.

B. Timetable for Review

This policy shall be reviewed every three years or more frequently as needed.

 

Date Approved: October 10, 2018