University of Victoria Foundation Act

The University of Victoria Foundation Act was passed as Bill Pr401 – 2006 on March 9, 2005.

Endowment management policy

The Foundation Board's endowment management or spending policy has objectives to:

  • Protect the value of the fund against inflation over time so that the donor is assured that the donation will continue to work for the benefit of UVic for generations to come, and
  • Provide stability in the earnings distribution to allow both recipients and UVic to plan ahead by knowing what funds will be made available each year.

Investment objectives and guidelines

The board reviews a statement of investment objectives and guidelines that guides the implementation of investing the foundation's assets. This covers topics such as investment managers, performance management and monitoring, and other topics.

Investment beliefs

The summary of investment beliefs is updated regularly and codifies investment beliefs of the foundation.