Governing Policies
Everyone knows that you can’t have a bunch of cooks in the kitchen without having a master chef to coordinate and organize. The same is true for any organization. You need a leader (or group of leaders), rules by which you will operate and policies to ensure adherence. When you are entrusted with other people’s money, investment policies are paramount.
Rules were established to accept donations, invest the funds prudently in accordance to the Trustee’s act, and use the interest monies earned to payout scholarship/bursary awards and grants. All monies were held in trust for a full year prior to enabling disbursements; reasoning was to earn interest on the fund to enable the disbursement.
