Roles and Responsibilities - Endowment Management
Roles and Responsibilities - Endowment Management
| Section: Endowment Management | Number: 45.001 |
| Title: Roles and Responsibilities - Endowment Management |
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POLICY
The policy sets forth high-level Endowment Management roles and responsibilities for the Chancellor's Office and the Institutions.
OUS seeks to ensure that the high-level roles and responsibilities of the Chancellor's Office and the Institutions related to Endowment Management are documented, communicated, and clearly understood and applied.
- ORS 351.085 - Duties and Powers of Chancellor
- OAR 580-040-0005 - Delegation and Assignment of Responsibility
- IMD 6.001 - Finance and Business Affairs Accounting Policies - Assignment of Responsibility
- IMD 6.002 - Finance and Business Affairs Accounting Policies - Institutional Responsibility
.130 APPROVAL AND EFFECTIVE DATE OF POLICY
Approved by the Budget and Finance Committee of the Board on 2/15/02 as part of the Fiscal Accountability Framework Final Report. The effective date of the policy is 3/1/02.
All Chancellor's Office and institutional personnel with endowment management and related responsibilities should be knowledgeable of this policy.
None.
.160 HIGH LEVEL ROLES AND RESPONSIBILITIES
A. CHANCELLOR'S OFFICE
High level roles High level responsibilities Investment Strategy Works with external consultants to develop an investment strategy. Presents this strategy to the Investment Committee of the Board and to the Oregon Investment Council for approval. Investment Reporting Prepares investment reports to the Board and the Oregon Investment Council and institutions. Managing Endowments Receives and pools both endowments and interest on endowments centrally. Establishes and manages endowments as directed by the donors. Distribution of Endowment Earnings Responsible for the calculation and distribution of endowment earnings on a monthly basis. Direct questions about this policy to the following offices:
Subject Contact General questions from institutional personnel Institution Office of Business Affairs General questions from institutional central administration and Chancellor's Office personnel Chancellor's Office Controller's Division 10/15/03 - Reformatted
2/15/02 - Approved
Policy Last Updated: 10/15/03
APPENDIX None.
Appendix Last Updated: 10/15/03