Part I General Guidelines
Part II Endowment Funds
Part III Current Funds
Part IV Charitable Trusts

PART I

GENERAL GUIDELINES

1. SCOPE AND PURPOSE

   The purpose of this policy is to provide the framework for the investment management of the UCI Foundation's assets. This policy sets forth investment objectives, goals and guidelines that will provide a meaningful basis for the evaluation of fund performance. Investments will be limited to those organizations and instruments which follow policies consistent with those stated within this document and which meet the standards of a prudent investor.

2. RESPONSIBILITIES OF THE BOARD OF DIRECTORS AND FINANCE/INVESTMENT COMMITTEE

   Upon recommendation by the Finance & Investment Committee to the Chancellor, the Board of Directors will be responsible for ratifying the campus spending policy and for reviewing any changes to the Investment Policies and Administrative Guidelines.

   Authority for implementation of the Investment Policies and Administrative Guidelines will be delegated by the Board of Directors to the Finance & Investment Committee. The Finance & Investment Committee shall be responsible for developing asset allocation guidelines for endowment and current funds. These guidelines will be reviewed annually by the Board of Directors.

   The Finance and Investment Committee shall direct the selection of investment managers to manage the Foundation funds, set individual guidelines as necessary, and monitor their performance and adherence to those guidelines. The names and performance of the investment managers shall be reviewed at least annually by the Board of Directors.

   The Finance and Investment Committee will be responsible for the review of all gifts of real estate to the UCI Foundation and shall make recommendations to the Chancellor in accordance with the Foundation's Policy on the Acceptance of Real Property.

3. POLICY CHANGES

   Requests for changes to the following policies shall be submitted to the Chancellor for his/her approval.