Investment policy is a central issue in foundations. The capital stock of a foundation and its long-term retention are prerequisites of a foundation?s perpetuity and independence. A foundation?s goals can only be reached with the funds generated by the foundation?s investment management. Ever...

Investment policy is a central issue in foundations. The capital stock of a foundation and its long-term retention are prerequisites of a foundation s perpetuity and independence. A foundation s goals can only be reached with the funds generated by the foundation s investment management. Ever...