Investment Policy
The University of the Sciences in Philadelphia has established a balanced investment policy for its endowment and similar funds. The objective is to produce a maximum total return without exposure to undue risk. Over time, the endowment is expected to earn a return equivalent to, or greater than, inflation, plus its annual spending. This will allow the endowment to maintain, or increase, its purchasing power in the future and to continue to provide a consistent level of budgetary support from these funds.
The Finance and Audit Committee of the Board of Trustees oversees the university’s endowment, with the help of an Investment Committee and an independent consultant and, on an operational level, by the Vice President of Finance, who is also a member of the Investment and Finance and Audit Committees. Risk controls have been placed on both the asset allocation with the portfolio and on the specific investments that are allowed. These committees meet quarterly to monitor overall fund structure, adherence to policy, and performance for the endowment and other investments.