The following is the NHF investment policy for those who have “Foundations at NHF,” and those who present to their clients the “Foundation at NHF” opportunity. Each person who applies for a “Foundation at NHF” certifies that he or she will conduct activities that will satisfy the requirements of both the Internal Revenue Code and the policies and conditions set forth by the National Heritage Foundation.

By signing the NHF Foundation Application the person applying for a foundation recognizes and understands that ownership, custody, and control of any donated funds or property are fully relinquished to NHF.

The Board of Directors of NHF will review investment suggestions made by the donor or his or her nominee, provided that:

• The investment suggestion is reasonably prudent from the standpoint of NHF; and

• The donor or those related to him by blood, marriage, adoption or employment do not own more than 5% of the voting equity in the proposed investment.

NHF will review the credentials of any proposed investment manager for any “Foundation at NHF.” If the credentials are approved, investment management responsibilities will be delegated to that person or firm, provided that NHF's Policies and Instructions are followed.

Policy and Instructions

The individual or firm that has been proposed to manage certain funds under NHF control must first submit his or her credentials including licenses (Series 6 or 7) and status as a Registered Investment Advisor (RIA) for approval by NHF. If approved, the funds in that Foundation may be managed.
Please contact NHF’s Finance Department for investment forms and instructions at 800-986-4483.

 

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