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| Governance |
Investment of Endowment Funds and Release of Proceeds for Use
The investment policy for the SOT Endowment Funds is established by the SOT Finance Committee with input from the SOT Endowment Fund Board. The SOT Finance Committee has the ultimate responsibility for managing the investment of all SOT Funds including the SOT Endowment Funds. The investment strategy has been to secure long-term appreciation of the Endowment Fund Assets while also safeguarding the total value of the assets. This policy is consistent with that used for other SOT Long-Term Assets. The long-term investment goal for the SOT Endowment Fund is to realize investment returns that exceed the annual rate of inflation by at least 4%. Thus, if 4% or less of the Funds assets is used each year to support the purposes for which the Funds were established, the assets should, over the long-term, grow at a rate exceeding the inflation rate. Hence, the SOT Endowment Fund Board has established a policy that no more than 4% of the assets of a Permanently Restricted Net Asset Fund will be released each year for uses consistent with the purpose for which the Fund was established.
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Awards that are currently being funded by the Endowment Fund can be found by searching the Society of Toxicology Awards page.
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