BPWNYSINVESTMENTGUIDELINES.docVIP

Section Name: Structure Organization Section Number: 3.05 Title: Investment Guidelines Description: To ensure the proper investment of New York State Women, Inc. (NYSWI) funds, the following procedures are to be followed by the Board of Directors. Section 1: Definitions Risk Rating: A rating assigned by any nationally recognized and credible company which rates mutual funds (among other things) for their risk of return of initial investment. Acceptable risk ratings will be Average, Below Average and Low. U.S. Government Securities: Any investment whose principle is guaranteed by the U.S. Government or its agencies. Government Bond Fund: Any fund comprised totally of debt issued by the U.S. Government, its agencies, the State of New York or any local municipalities. Section 2: Guidelines Cash assets of NYSWI shall be invested to maximize safety of principal and income. Alternative investments can be considered for excess funds. Excess funds are those funds not required for use in one (1) year’s budgeted expenses. Funds required for use during one (1) year’s expenses: shall be invested in the following types of investments FDIC-insured Savings or Money Market Accounts U.S. Government Securities Government Bond Funds NCUSIF-insured Savings or Term Share Accounts Funds needed within six (6) months shall be invested in a liquid, interest bearing account (e.g. savings or money market) Funds to be used during the second half of the year may be invested in liquid accounts or higher yielding, short term – 3 month or 6 month - U.S. Government securities or Certificates of Deposit. Funds in excess of those required during one (1) year’s expenses may be considered for more aggressive types of investments with projected higher rates of return within the following parameters: 100% of the funds may be invested in FDIC-insured Savings Accounts, Money Market Accounts or Certificates of Deposit; U.S. Government Securities, Government Bond Funds or NCUSIF-