Title 20, EducationRelease 119-102
§130aa–2 Investments
Title 20 › CHAPTER 8 — HOWARD UNIVERSITY › SUBCHAPTER II — ENDOWMENT › § 130aa–2
Summary
The University must invest its endowment money and earnings only in low-risk places allowed for District of Columbia insurance companies, like insured bank accounts, certificates of deposit, money market or mutual funds, and U.S. government securities. It must use the careful judgment a sensible person would use managing their own money.
Full Legal Text
Title 20, §130aa–2
Education, Source: USLM XML via OLRC
(a)The University shall invest its endowment fund corpus and endowment fund income in those low-risk instruments and securities in which a regulated insurance company may invest under the law of the District of Columbia, such as federally insured bank savings account or comparable interest bearing account, certificate of deposit, money market fund, mutual fund, or obligations of the United States.
(b)The University, in investing its endowment fund corpus and income, shall exercise the judgment and care, under circumstances then prevailing, which a person of prudence, discretion, and intelligence would exercise in the management of his own business affairs.
Reference
Citations & Metadata
Citation
20 U.S.C. § 130aa–2
Title 20, Education
Last Updated
Aug 21, 2026
Release point: 119-102