A. The “Prudent Man” Rule shall be applied in the management and investment of the Bethel endowment fund assets. This rule means that in making investments, the same judgment and care under the circumstances then prevailing shall be exercised which an institutional investor of ordinary prudence, discretion, and intelligence exercises in the management of large investments entrusted to it, not in regard to speculation, but in regard to the permanent disposition of funds, considering probable safety of capital as well as probable income.

B. The Bethel endowment fund assets shall only be used for income-producing investments. [Ord. 08-19 § 2; Ord. 93-27 § 1.]