American Endowment Foundation (AEF) has updated our Investment Policy effective 8-23-2019. Improvements to our past policy include:
- Conciseness: Our new policy provides greater clarity on roles, objectives and expectations.
- Flexibility: The new policy continues to provide flexibility for advisors to better align their chosen investment portfolios with donor objectives.
- Investment Oversight: The policy provides clearer definition of AEF’s oversight responsibilities and governance.
Frequently Asked Questions
No, as long as it meets the bounds of the AEF Investment Policy. The AEF Investment Oversight Team must be informed of the financial instruments and vehicles being utilized.
When the donor makes the gift, AEF has legal control over the assets. However, the donor is allowed to select a representative who retains advisory privileges with respect to distribution of funds and investments within the DAF.
The Investment Advisor (IA) or Investment Manager (IM) vote proxies and respond to legal or corporate actions consistent with its policies. The IA or IM may disclaim this responsibility in writing. If disclaimed, AEF does not have to notify how proxies were voted.
Exceptions to the policy to be reviewed on a case-by-case basis. The IA/IM should provide all documentation supporting their proposed strategy. AEF will conduct due diligence and provide response.