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What impact did the economic environment have on the PolioPlus Fund?

April 26, 2017Economic Environment fund impact polioplus

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What impact did the economic environment have on the PolioPlus Fund?

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A. Due to the immediate funding needs of the polio eradication initiative, the PolioPlus Fund is short term in nature and requires a lot of liquidity. Hence, the Foundation invests those funds in high-quality, short-term fixed income securities. In addition, the grants from the Bill & Melinda Gates Foundation are invested in only U.S. treasury securities. The grant from the Google Foundation was invested in a money market fund prior to its utilization. This investment strategy is not appropriate for the Permanent Fund, which has an indefinite time horizon, or the Annual Programs Fund, which has a longer time horizon given the three-year investment cycle and relatively low liquidity needs. For additional information on the Foundation’s investment structure, investment policies, and historical information, see The Rotary Foundation Investment Information .