To use an investment strategy that will allow the FB Education Foundation Board to invest endowment gifts in an account that will provide an income stream to be used for operating expenses and grant funding.
To establish an investment account that provides minimal time commitments of the Board to manage the investment funds.
The FB Education Foundation Board selected the T.Rowe Price Spectrum Income Fund which invests in a diversified group of underlying T.Rowe Price domestic bond funds, foreign bond funds, a money market fund and an income-oriented stock fund. Please log on to www.troweprice.com for further deatiled information on the Spectrum Income Fund.
80% is available for funding grants through the foundation
20% is invested as endowment money in the T.Rowe Price Spectrum Income Fund