Committee - Investment Policy
The mission of the Investment Policy Committee (IPC) is to oversee for the board the ongoing policy, process and guidelines for managing the fund balances in the FWA of New York Business League and Educational Fund accounts.
Contact Co-chairs
  Ellen Harris

Members of the 2007-2008 Investment Policy Committee
Voting Members:
Nancy T. Jones Lucinda Gerhard Sandy Miller
Non-voting Members:
(Members attend meetings, provide services and/or guidance to the committee.)
Lily Klebanoff Blake Susan Ganz

Overview of Committee Activities
The IPC met to review quarterly fund performance, evaluate current investments in light of the FWA investment and liquidity requirements and to make recom- mendations to the FWA Board on any matters relative to investments, investment managers and/or any changes to existing policies and procedures.

The Committee met after the end of each quarter to review investment performance and to determine any going-forward recommendations to the Board. Performance during the year was satisfactory and asset allocation remained unchanged after careful consideration of the economic and investment outlook on a periodic basis. However, we continue to evaluate the current conditions and review possible changes to the allocations.

With the addition of $900,000 for the Financial Backpack Program from a grant from HSBC, the Committee developed an investment policy specific to the needs and time horizon of the program. The investments will be made over a relatively short period of time as opportunities are found.

Meeting schedule
Quarterly – Next meeting to be announced.

Special thanks
Special thanks and all committee members for their active participation.
  Last updated:
  June 19, 2008