Principles of Nonprofit Investment Management - Commonfund

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About CommonfundCommonfund provides vital financial services for institutionsdedicated to bettering society.Our mission is to enhance the financial resources of nonprofitinstitutions and to help them improve investmentmanagement practices. As the largest nonprofit investmentmanager, we place the fulfillment of this mission ahead ofprofit, unfettered growth, and asset gathering. This allowsCommonfund to offer thoughtfully constructed, highqualityprograms and services at competitive costs.Through well-managed, long-term investment programs, weendeavor to help these institutions strive to build the financialresources they need to maintain and improve their programs,staff, physical plant and infrastructure. And our state-of-thearttreasury management tools help them increase financialproductivity and reduce administrative costs.Commonfund was founded in 1971 as a nonprofit corporation.Together with our subsidiaries, we have approximately$30 billion in assets under management for more than 1,500nonprofit clients.- 32 -DESIGN: WEIR DESIGN ILLUSTRATION: NICHOLAS WILTON
Returns on investment funds will fluctuate, and investorscould lose money on their investments in any CommonfundGroup funds, just as they could with other investments.Past performance may not be indicative of future results.The information provided in this brochure is for generalinformational purposes only and is not an offer to sell ora solicitation of an offer to buy any securities, options,futures, or other derivatives related to securities in anyjurisdiction. This brochure is also not an offer or solicitationto participate in any particular trading strategy. AllCommonfund Group investment funds are offered onlyby means of detailed offering memoranda and relateddisclosure materials. Potential investors should read all suchmaterials with care prior to investing.Certain Commonfund Group funds impose variouseligibility requirements. For more information generally,see www.commonfund.org. Securities are distributed byCommonfund Securities, Inc.
Page 1: Principles of Nonprofit Investment
Page 4 and 5: Contents3 BasicsBeginning at the be
Page 6 and 7: PRINCIPLE ONEObjectivesThe governin
Page 8 and 9: The committee’s deliberations wil
Page 10 and 11: PRINCIPLE TWOPayout PolicyThe board
Page 12 and 13: Payout Policies for EducationalInst
Page 14 and 15: They could then calculate the payou
Page 16 and 17: PRINCIPLE THREEAsset AllocationAllo
Page 18 and 19: Since the introduction of the UMIFA
Page 20 and 21: Many such analytical tools are avai
Page 22 and 23: PRINCIPLE FOURManager SelectionThe
Page 24 and 25: Selecting investment specialists ha
Page 26 and 27: PRINCIPLE FIVERisk ManagementYou sh
Page 28 and 29: PRINCIPLE SIXCostsContinually ask:
Page 30 and 31: PRINCIPLE SEVENResponsibilitiesTo p
Page 32 and 33: References andResourcesDow 36,000:
Page 36: Commonfund15 Old Danbury RoadP.O. B

Principles of Nonprofit Investment Management - Commonfund

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