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3 Documents of the Women's Bar Association Foundation, 2005-2006 [1] (2005-2006)

handle is hein.peggy/docwbaf0003 and id is 1 raw text is: INVESTMENT POLICY STATEMENT The Women's Bar Association Foundation I. PURPOSE The purpose of this Investment Policy Statement is to establish the investment policy and procedures for The Women's Bar Association Foundation (WBAF). II. GOAL The goal of the WBAF's investment policy is to preserve and enhance the value of the WBAF's long term assets through a balanced growth and income portfolio and provide guidelines for managing short-term assets. III. DEFINITIONS 1. Investment Advisor: The firm(s) or individual(s) so designated by the Board of Directors of the WBAF to advise the officers and employees of the WBAF on the selection of Investment Instruments and the timing of transactions to buy or sell such Investment Instruments. 2. Investment Instruments: Stocks and mutual funds approved by the Investment Advisor following the guidelines set forth in this Investment Policy. No individual equity investment will comprise more than 10% of the entire portfolio. Bonds approved by the Investment Advisor following the guidelines set forth in this Investment Policy. Direct obligations of the United States Treasury Direct obligations of United States Government Agencies, such as: * The Federal Farm Credit Bank (FFCB) * The Federal Home Loan Bank (FHLB) * The Federal Home Loan Mortgage Corporation (FHLMC) * The Federal National Mortgage Association (FNMA) * The Student Loan Marketing Association (SLMA) if subject to full faith and credit of the federal government. Obligations of United States commercial banks, limited to bonds, Certificates of Deposit (CDs), and Time Deposits (TDs).