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Investment Strategies Policy

Strategies:

  • Working Capital:
    • The Academy should maintain a minimum balance of $50,000 in an operations checking and savings account.

  • Reserves:
    • The Academy should maintain reserves equal to 6 months of prior year's expenses.
    • Where possible, current investment accounts should be consolidated in the AAFP Pooled Funds Account.

  • Interest income:
    • The Academy should establish a policy for the use of the interest and growth in the investment fund. (Example: lower dues, foundation support)

Submitted by Flora Sadri, DO, Chair of Finance Committee - June 13, 2015

Approved by Massachusetts Academy of Family Physicians Board - June 13, 2015

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