During the 2013 Colorado legislative session, Fort Lewis College passed legislation (HB 13-1297) that grants investment authority to the institution. Prior to the enactment of HB 13-1297, funds collected by the Board of Trustees had to be held and invested by the State Treasurer. The legislation allows the Board to choose investment options not typically afforded the State Treasurer’s office, essentially providing the College with the flexibility to tailor its investment strategies to best achieve growth of long-term financial assets, such as endowments or other internally restricted funds. Other Colorado institutions that have the authority to independently invest funds outside of the State Treasurer include the University of Colorado, Colorado State University, Colorado Mesa University, and the Colorado School of Mines.
As part of this authority, an Investment Advisory Committee will be established. The committee’s membership will consist of the Fort Lewis College Treasurer, one (1) member of the College’s Board of Trustees (Board), and three (3) representatives from the financial community. At least one member shall be a Certified Financial Analyst.
The Board is now accepting applications for financial community seats on the Investment Advisory Committee. Desired experience includes investment experience at an institution of similar size (approximately $6.0 million in investments). Committee members shall serve in a volunteer capacity for a four (4) year term and will be ineligible to work as a money manager for the College.
Committee meetings will be held quarterly, at a minimum, and all travel expenses associated with committee work will be reimbursed. Prospective members will be required to submit to a background check. Employees and/or retirees of Fort Lewis College are not eligible to apply.
Interested applicants should complete the application form by June 30, 2014.
The application can be found by clicking here.
About Fort Lewis College:
Fort Lewis College is the Southwest's crossroads of education and adventure. Our blend of small classes, dynamic academic programs, and a liberal arts perspective leads to transformative learning experiences that foster entrepreneurship, leadership, creative problem solving, and life-long learning. Our unique & beautiful mountain campus, on a mesa above historic Durango, Colorado, inspires an active and friendly community with a spirit of engagement, exploration, and intellectual curiosity.
The College is a valued partner in the Durango community. In addition to being the educational and cultural hub of this area, FLC's estimated economic impact on the community is in excess of $100 million.