Common use of Investment Plan Clause in Contracts

Investment Plan. The Organization shall establish an Investment Plan for the entire endowment and will provide additional material as requested by the Department to assure that prudent arrangements have been implemented and are maintained for the management of the entire endowment. The Endowment Investment Plan, incorporated as Attachment A, approved by the Board of Directors and signed by the President of the Board, shall include but not be limited to the following provisions: Preservation of the $600,000 capital value of each program fund shall be the primary responsibility of the Organization and shall be the primary investment constraint under which it shall manage the program fund; The Organization shall at all times preserve the principal amount of each Cultural Endowment Program Fund and maximize current income through the use of investment quality financial instruments as defined in paragraph 5 and detailed in the attached Investment Plan, Attachment A, submitted by the Organization; The Organization agrees that the market value for each of the Organization's Cultural Endowment Program Funds shall be maintained at no less than $600,000.

Investment Plan. The Organization shall establish an Investment Plan for the entire endowment and will provide additional material as requested by the Department to assure that prudent arrangements have been implemented and are maintained for the management of the entire endowment. The Endowment Investment Plan, incorporated as Attachment A, approved by the Board of Directors and signed by the President of the Board, Board shall include but not be limited to the following provisions: Preservation of the $600,000 capital value of each program fund shall be the primary responsibility of the Organization and shall be the primary investment constraint under which it shall manage the program fund; . The Organization shall at all times preserve the principal amount of each Cultural Endowment Program Fund and maximize current income through the use of investment quality financial instruments as defined in paragraph 5 and detailed in the attached Investment Plan, Attachment A, submitted by the Organization; . The Organization agrees that the market value for each of the Organization's Cultural Endowment Program Funds shall be maintained at no less than $600,000.