The investment committee has important governance responsibilities in assuring the successful management of endowment and other institutional pools of capital. The success or failure of the investment committee has a large and direct impact on the resources available to the institution to attract and retain quality faculty, offer scholarships, expand or improve programs, and build modern facilities. This booklet addresses the investment committee’s roles and responsibilities in the context of endowment management.
This publication is part of the Effective Committee Series, which is devoted to strengthening the role of key standing committees of governing boards. While there is no optimal committee system for institutions of higher education, certain principles, practices, and procedures prevail. The best practices outlined in this publication support the objectives of board committees: focused effort, informed decision making, and self-management.