Endowments generally require that the organization adhere to a certain set of wishes and desires of the donor. Assume that your organization has been granted an endowment for a new hospital wing. As part of the endowment, you are required to prepare an investment policy.
Prepare an investment policy statement for a tax-exempt endowment that provides funds for a new hospital wing to begin construction within the next ten years. You may include an asset mix of investment vehicles without current income, such as growth stocks and zero coupon bonds.