The BDC has an investment policy in our financial policies and procedures in order to be a good steward of donations from the community.

The BDC will maintain an investment account in order to process gifts of stock. 

BDC investments will be held in an established managed fund or Certificate of Deposit (CD) through a reputable firm. No member of the BDC staff or volunteers will manage the investments themselves. 

BDC investments will be recommended and monitored by the Finance Committee with input from a DA Davidson investment agent(s) and with the BDC Board of Directors having final approval.

The BDC will maintain a fiscally conservative investment approach as defined by the industry.

BDC will maintain a money market account for as long as it seems prudent. The board mandates that an additional three to six months of operating expenses be held in this account. Any amount above six months operating costs may be considered for investment in a Certificate of Deposit.

Once the account reaches $250,000, this policy should be updated to reflect how both the finance committee and board want to manage a more growth focused approach.