Policy 1.11 - Investment Policy


Investment and management of college funds will be in accordance with North Carolina General Statute 115D-58.6. The Investment Committee of the Board of Trustees shall make recommendations to the Board on investment options and monitor the performance of investments. The board of trustees shall discharge their duties with respect to the management and investment of college funds as follows:

  1. Investment decisions shall be solely in the interest of the college and the students, faculty, and staff of the college
  2. The investments shall be for the exclusive purpose of providing an adequate return to the college.
  3. Investments shall be made with the care, skill, and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose.
  4. Investment decisions shall be made impartially, taking into account the best interest of the college, with special attention to conflicts of interest or potential conflicts of interest.
  5. Investments shall incur only costs that are appropriate and reasonable.

Adopted: July 19, 2011

Revised:

Reviewed: November 12, 2020