Carteret Community College Foundation, Inc., funds are invested with professional investment companies, reviewed and selected by the Finance Committee of the Carteret Community
College Foundation, Inc., Board of Directors. The Finance Committee sets forth an Endowment Investment & Spending Policy that is adopted by the Carteret Community College Foundation, Inc., Board of Directors.
Foundation funds and their performance are reviewed annually, or as necessary, by the Finance Committee of the CCC Foundation, Inc., Board of Directors. This committee manages the funds and determines the manner in which and to what extent the Foundation funds are to be invested, from time-to-time making and altering the investments. No funds are invested without the approval of the Finance Committee. All actions by the Finance Committee are reported and approved by the Board of Directors.
Foundation investment records are maintained in the Foundation Office and are reviewed by the Board of Directors at each regular and annual meeting. Statements from the investment agencies are also reconciled each month by the Foundation Office.
Carteret Community College Foundation, Inc., generates adequate resources, manages resources effectively, conducts an annual audit, remains transparent, supports and recognizes volunteers, and appropriately compensates staff.