Purpose

The Finance/Investment Committee of from three to seven members shall oversee the wise use of Hazelden's finite financial resources, establish investment policies and guidelines for Hazelden, using such outside resources as it deems necessary to carry out its responsibilities, and shall report regularly to the Board.

Duties

The Committee shall be responsible for oversight of:

1. Financial management and development/philanthropy policy.
2. Budgets, capital expenditures and projects.
3. Financial implications of strategic initiatives.

The Committee shall be delegated the responsibility to:

1. Establish guidelines which will help ensure that Hazelden's endowment and investment funds are managed appropriately and in accordance with Hazelden's mission, including overall asset allocation guidelines by investment type, and funding levels for individual investment managers.
2. Select an investment advisor, investment custodian and investment managers and review and evaluate the performance of each as well as the investment fund performance based on standards or benchmarks for all investment portfolios relating to risk, return and asset allocation.
3. Delegate to Hazelden management, as appropriate, the responsibility to engage persons responsible for administrative duties relating to the investment activities of Hazelden.