The College will invest all appropriate funds legally available to the College for investment in those investment instruments approved by the NC State Treasurer's and the NC State Auditor's Office. Investment returns will accrue to the fund group from where the original investment principal originated. The goal of this policy is to furnish maximum investment return with a minimum risk.
The College shall be responsible for the management and investment of funds available according to guidelines approved by the Board of Trustees and consistent with provisions of the laws of the state of North Carolina.
The College's investment objective is to realize the highest earnings possible on invested cash. The investment program shall be so managed that investments and deposits can be converted to cash when needed. All investments shall be secured as provided in N.C. Gen. Stat. § 159-31(b). With respect to investments, the Board shall discharge their duties with respect to management and investment of College funds as follows:
- Investment decisions shall be solely in the interest of the College and the students, faculty and staff.
- Investments shall be for the exclusive purpose of providing an adequate return to the College.
- Investments shall be made with the care, skill and caution under the circumstances then prevailing which a prudent person acting in a like capacity and familiar with those matters would use in the conduct of an activity of like character and purpose.
- Investment decisions shall be made impartially, taking into account the College’s best interest, with special attention to conflict of interest or potential conflicts of interest.
- Investments shall incur only costs that are appropriate and reasonable.
All of the College’s current investments are held in the North Carolina Capital Management Trust – Cash Portfolio which is measured at the Net Asset Value (NAV) per share (or its equivalent).