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CFA Level 3
Portfolio Management and Wealth Planning

Investment Policy Statement Components for Foundations

Very Easy Institutional Portfolio Mgmt Foundations And Endowments

As a portfolio manager for a foundation, you have been tasked with creating an investment policy statement (IPS) that guides the foundation's investments. The foundation aims to support its mission while also ensuring the sustainability of its funding.

Please discuss the key components that should be included in the IPS for foundations and endowments. Explain the importance of each component in the context of institutional portfolio management.

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