Introduction
This policy is intended to provide Board members with direction on investing money received by the University Hospitals Kingston Foundation (UHKF) on behalf of its General Members. 

Background
The University Hospitals Kingston Foundation (UHKF) is a not for profit corporation owned by its General Members:  Kingston General Hospital Foundation, the Providence Continuing Care Centre Foundation and the Jeanne Mance Foundation (Hotel Dieu Hospital).  The corporation is a shared infrastructure to secure Health Care funds to help meet capital needs of the Joint Advancement partners:  Kingston General Hospital (KGH) and its cancer care program, Hotel Dieu Hospital (HDH) and Providence Continuing Care (PCCC). 

The UHKF encourages and solicits contributions of cash, and personal and real property as outright gifts that are acceptable to Canada Revenue Agency and the laws of the Province of Ontario.  The UHKF accepts:
• Unrestricted gifts to be shared by all three General Members
• Unrestricted institution specific gifts
• Gifts designated to declared priorities
• Gifts for general use by specific existing programs at each institution.
The UHKF does not hold endowments.  All funds raised by the UHKF will be disbursed to the three General Members within four months of receipt. 

Policy
Because the UHKF disburses all funds raised it will not hold investments, other than bank deposits.  If circumstances arise where UHKF is holding funds greater than $500,000 for a period of more than 6 months, the Finance Committee will determine how those funds should be invested.

Approved: UHKF Board, October 4th, 2006