{"id":53,"date":"2020-10-27T15:17:08","date_gmt":"2020-10-27T15:17:08","guid":{"rendered":"https:\/\/macars.org\/wordpress\/?page_id=53"},"modified":"2020-10-27T15:17:09","modified_gmt":"2020-10-27T15:17:09","slug":"investment-policies","status":"publish","type":"page","link":"https:\/\/macars.org\/wordpress\/investment-policies\/","title":{"rendered":"Investment Policies"},"content":{"rendered":"<div id=\"pl-53\"  class=\"panel-layout\" ><div id=\"pg-53-0\"  class=\"panel-grid panel-no-style\" ><div id=\"pgc-53-0-0\"  class=\"panel-grid-cell\" ><div id=\"panel-53-0-0-0\" class=\"so-panel widget widget_sow-editor panel-first-child panel-last-child\" data-index=\"0\" ><div\n\t\t\t\n\t\t\tclass=\"so-widget-sow-editor so-widget-sow-editor-base\"\n\t\t\t\n\t\t>\n<div class=\"siteorigin-widget-tinymce textwidget\">\n\t<h3 style=\"text-align: center;\">Middle Atlantic Chapter of the American Rhododendron Society<br \/>\nGuidelines for the Investment of Funds for the Chapter<\/h3>\n<p>&nbsp;<\/p>\n<p><strong>STATEMENT OF PURPOSE<\/strong>: The purpose of the investment policy is to ensure a conservative approach to the investing of chapter funds to maximize revenue and to protect against the loss of funds.<\/p>\n<p><strong>INVESTMENT POLICY<\/strong>: The monies for the chapter are categorized into the following: Operating Funds: These funds are used for the operating expenses of the chapter and consist of funds in the checking account and the money market account. Funds may be transferred to the checking account as needed to cover expenses as set forth in the annual budget. Funds in the checking account in excess of $5000.00 should be moved to the money market account to maximize interest.<\/p>\n<p><strong>Reserve Funds<\/strong>: Reserve funds are to be invested in long range, conservative types of investments. Income from these funds is to be added to the principal in an amount sufficient to keep pace with government inflation indices. The buying power should be kept as constant as possible. Any excess earnings beyond inflation index levels may transferred to the operations monies for whatever use the Board may require. Conservative, long-range investment opportunities may include, but are not limited to, the following:<\/p>\n<p>\u25cf Certificates of Deposit<\/p>\n<p>\u25cf Government Debt<\/p>\n<p>\u25cf Mutual funds<\/p>\n<p>\u25cf Mutual funds of treasuries and other forms of debt<\/p>\n<p>\u25cf Long-term stock funds<\/p>\n<p>\u25cf Real Estate Investment Trusts (REITs)<\/p>\n<p>\u25cf Money Market funds<\/p>\n<p><strong>Scheuchenko Trust Funds<\/strong>: The Scheuchenko Trust Fund has been designated as a separate endowment fund and must be maintained as a separate fund for audit purposes. Investment criteria for this fund is the same as the Reserve Fund investment opportunities stated above.<\/p>\n<p><strong>FINANCIAL COMMITTEE REVIEW<\/strong>: It shall be the responsibility of the Finance Committee to review investment opportunities and make suitable recommendations to the Board. Review of the chapter investments should be on a semi-annual basis by the Finance Committee or in a timely manner coinciding with a roll-over of funds from specific investment accounts. A written recommendation of investment strategies will be presented for review and approval by the Board.<\/p>\n<\/div>\n<\/div><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Middle Atlantic Chapter of the American Rhododendron Society Guidelines for the Investment of Funds for the Chapter &nbsp; STATEMENT OF PURPOSE: The purpose of the investment policy is to ensure a conservative approach to&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"class_list":["post-53","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/pages\/53","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/comments?post=53"}],"version-history":[{"count":1,"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/pages\/53\/revisions"}],"predecessor-version":[{"id":54,"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/pages\/53\/revisions\/54"}],"wp:attachment":[{"href":"https:\/\/macars.org\/wordpress\/wp-json\/wp\/v2\/media?parent=53"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}