The Endowment Fund Sample Clauses

The Endowment Fund. The Board will be informed by the Foundation of the interest earned on the endowment fund and the amount available for use. The Foundation will manage the endowment consistent with the foundation investment policy for endowments. Funds from this program shall not be used to supplant existing professional development funds.

The Endowment Fund. Under Section 6 of the National Heritage Act 1980, any portion of grant-in-aid not immediately required for any other purposes may be invested by the trustees. The Trustees shall review the performance of the appointed investment managers regularly and put contracts out to tender at least every seven years. The NHMF may retain any income generated by the Endowment Fund for reinvestment or spending in connection with its objectives.

The Endowment Fund. The Board will be informed by the Foundation of the interest earned on the endowment fund and the amount available for use. The Foundation will manage the endowment consistent with the foundation investment policy for endowments. Funds from this program shall not be used to supplant existing professional development funds. APPENDIX B: DEFINITIONS Academic Employee Peer shall mean an individual holding a tenured academic employee appointment. See Agreement, Article VIII, TENURE, Section B, Definitions. Administrative Appointment shall mean employment in a specific administrative position as determined by the appointing authority. RCW 28B.50.851(5). See Agreement, Article VIII, TENURE, Section B, Definitions.

The Endowment Fund. Trustees shall act by a vote of a majority of their trustees, and all actions taken will be with a written record. The Endowment Fund Trustees, whenever acting on matters permitted or directed to be taken by all of the Endowment Fund Trustees, shall act by a vote of the majority of the Endowment Fund Trustees, and all such actions taken will be with a written record.