| The importance of private gifts to Tyler Junior College's future is increasing each year. Like many other publicly supported institutions in Texas, the margin of excellence in our activities is dependent upon endowment gifts. TJC must have adequate endowment resources to ensure the best faculty, the brightest students and the most responsive programming. A solid and stable endowment base can transform an adequate community college into the very best in the nation. In an effort to strengthen endowment funds and provide long-term growth for the benefit of the college, the Tyler Junior College Foundation must continue to manage its assets and review its spending policy. The Foundation is committed to doing all that it can to ensure, in perpetuity, a reliable and secure source of funds for TJC's programs and priorities. - A spending "cap" of 4% and a "floor" of 0% shall be required on all spending policies adopted by the Tyler Junior College Foundation Board of Directors.
- By March 1st of each year, the Tyler Junior College Foundation Board of Directors shall adopt a spending policy payout rate effective for the following academic year beginning September 1st through August 31st.
- All foundation endowment accounts will follow the investment policy and spending policy in effect regardless of the date of its establishment. All other endowment or quasi-endowment accounts will follow investment and /or spending requirements as intended by the donor and as reflected in the specific endowment agreement.
- The TJC Foundation Endowment Fund investment and spending policies comply with the Uniform Prudent Management of Institutional Funds Act as enacted by the State of Texas September 1st, 2007.
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