The Investment Office is responsible for managing the University's financial assets of approximately $10.8 billion, in accordance with policies established by the Investments Committee of the Board of Trustees. The Investments Committee advises the Board with respect to investment of Endowment, Trust, and the General Funds of the University. It is responsible for developing and recommending, for adoption by the Board, policies relating to such investments. The Committee is also ultimately responsible for overseeing the implementation of these policies.

The Investments Committee currently meets four times a year in accordance with the Bylaws of the Board of Trustees. Between meetings, it discharges its responsibilities through a Sub-Committee which has been meeting approximately once a month. In addition, the Board of Trustees has a Sub-Committee on Proxies which provides oversight with regard to the University's investment policy with respect to (1) social issues and (2) contested shareholder proxy resolutions. Its membership is drawn from the Investment Committee.

Northwestern University Annual Financial Report