44-000
                                                                                          BOT 01-31-08
 
                                        ENDOWMENT/INVESTMENT (POLICY)
 
With the exception of the BIA Endowment, BIA Endowment Interest, or any donor advised endowments, all 
income to be invested for endowments will be deposited into the Faculty Endowment, Maintenance Endowment, 
and Scholarship Endowment.

INVESTMENT FIRM/FIRMS

The Board of Trustees will select an investment firm/firms for its endowments.

ENDOWMENTS- 

a.     BIA Endowment and BIA Endowment Interest Accounts
 
The principle of the BIA Endowment must remain intact.  Any interest from this endowment fund will go into the 
BIA interest endowment. The Investment Firm/Firms will follow the Bureau of Indian Affairs rules and 
regulations for investing this fund. The investments under these endowments may not be made in any company 
which is involved in the exploitation of the Black Hills. Interest earned in the BIA Endowment Interest Account 
will be used to support faculty salaries.
 
b.      Faculty Endowment
 
A faculty endowment fund will be established with an investment firm/firms with the interest generated 
from this fund will be used to support faculty salaries or increase the principal of this endowment, The 
investments will follow the Board of Trustees investment strategy.
 
c.      Maintenance Endowment
 
A maintenance endowment will be established with an investment firm/firms with the interest generated 
from this fund will be used to support facility maintenance needs, equipment, or supplies or increase the 
principal of the endowment. The investments will follow the Board of Trustees investment strategy.
 
d.      General Scholarship Endowment 

A general scholarship endowment will be established with an investment firm/firms with the interest generated 
by the funds to support OLC’s general scholarship fund or increase the principal of this endowment. The 
investments will follow the Board of Trustees investment strategy. 

e.     Donor Advised Endowments

Donor advised endowment will be established with an investment firm/firms with the interest generated by 
the funds to support the donor identifies support of Oglala Lakota College. The criteria for the utilization 
of these funds will be on file with the President’s Office, financial Aid Office, and the Investment firm/firms. 
The investments will follow the Board of Trustees investment strategy.

f.      The Board of Trustees will establish an investment strategy for the college’s endowment funds.

The Board of Trustees is responsible for approving an overall investment strategy. They specifically meet at 
least once a year in December with the investment firm/firms to be given a format report on the prior year and 
to discuss any changes in investing strategy. The Investment firm/firms manage the accounts based on the 
approved strategy.