Not for Profit Toolkit:
Vanguard is one of the world’s largest asset managers providing many low-cost active and passive investment solutions for retail and institutional investors. The company also provides a range of resources for the not for profit sector. While much this information is US centric, it is still conceptually relevant for Canadian organizations.
This toolkit will provide useful discussion points around fiduciary responsibility, laying a strong foundation (through an investment committee charter, an investment policy statement, and an investment purpose statement), building out the portfolio framework, and maintaining the structure.
This is a well laid-out and comprehensive document that is equally appropriate for a new organization, as it is for a well-established organization to review its basic tenets.
