New Investment Allocation for the Gift Preservation Pool
Beginning on June 28, 2010, the Gift Preservation Pool will change its investment allocation, placing 75% of its assets in the T. Rowe Price Short-Term Bond Fund and 25% in the T. Rowe Price Summit Cash Reserves Fund.
This investment change does not alter the objective of the Gift Preservation Pool. It will still seek to provide an attractive level of income consistent with minimal fluctuation in principal value and liquidity.
The Gift Preservation Pool remains a good choice for donors seeking to:
- preserve the value of charitable assets designated for short-term goals
- support ongoing grant-making
Why we made this change
The T. Rowe Price Short-Term Income Fund, where the Gift Preservation Pool previously invested all its assets, will amend its investment program to allow it to invest in U.S. Treasury Inflation-Protected Securities (TIPS). This means the fund will take on more risk than we deem acceptable for the Gift Preservation Pool.
More information about all of the Program's investment choices
All pools are subject to market risk, including possible loss of principal.
Request a prospectus for any of the funds in which the pools invest by calling 1-800-564-1597. Prospectuses include investment objectives, risks, fees, expenses, and other information that you should read and consider carefully before investing.
