Trust Administration
The Trust Administration Services Department works closely with Advancement in accepting and documenting gifts and restrictions, assessing benefits, and managing gifts. The department also sets up endowments, annuity, and trust agreements.
Investment and Treasury Administration
The Investment and Treasury Department manages the funds for long-term investment. The board of directors and its standing committee on investments provides policy guidance and oversight for the funds.
Resources
-
Kaspick & Company
Kaspick & Company is a nationally recognized leader in planned giving administration and investment. They currently manage over $2 billion in assets and invest via mutual funds. They bring a value-style of management to CPC Investments. - Cal Poly, Planned Giving
Overview
Listed below is an overview of Endowments and Life Income Funds. You can read about the policies on the CPC policies webpage (www.calpolycorporation.org/policies).
Endowment
An endowment consists of money or other assets, given by a donor, grantor, or other source for a specific source.
CPC often receives endowment gifts from donors. In this role, CPC serves as the fiduciary of the funds. As a fiduciary, CPC complies with financial standards, university objectives, and governing instruments to account for endowment assets.
The CPC Board of Directors provides the framework for managing endowments. The policy objectives are twofold: 1) Support the university's endowment program with a mechanism for evaluating and managing proposed endowments; and 2) Ensure compliance with restrictions and designations imposed by donors, the university and the board on fund earnings and use. View Policy 108 (pdf), View Policy 125 (pdf) . The CPC Board of Directors establishes the groundwork for investment management and assigns certain responsibilities to the board's standing committee on investments.
Life Income Fund
Life income gifts are money, gifts, or assets given by a donor. The designated recipient receives an income stream for life.
CPC often receives donor gifts called charitable gift annuities. As a recipient, CPC complies with fiduciary standards that comply with financial standards, university policy objectives, and governing instrument policies.
The CPC Board of Directors provides a policy framework for managing life income gifts. The policy ensures a systematic mechanism will evaluate, accept, and manage the funds. Additionally, the policy directs university representatives in proper standards to interact with prospective donors e.g., Model Standards of Practice, Donor Bill of Rights, and Statement of Ethics. View Policy 113 (pdf) View Policy 113 (pdf)
