Idaho State Statutes - Idaho Attorney Directory

In addition to an investment otherwise
authorized by law or by the applicable gift instrument, and without
restriction to investments a fiduciary may make, the governing board, subject
to any specific limitations set forth in the applicable gift instrument or in
the applicable law other than law relating to investments by a fiduciary, may:
(1) Invest and reinvest an institutional fund in any real or personal
property deemed advisable by the governing board, whether or not it produces a
current return, including mortgages, stocks, bonds, debentures, and other
securities of profit or nonprofit corporations, shares in or obligations of
associations, partnerships, or individuals, and obligations of any government
or subdivision or instrumentality thereof;
(2) Retain property contributed by a donor to an institutional fund for
as long as the governing board deems advisable;
(3) Include all or any part of an institutional fund in any pooled or
common fund maintained by the institution; and
(4) Invest all or any part of an institutional fund in any other pooled
or common fund available for investment, including shares or interests in
regulated investment companies, mutual funds, common trust funds, investment
partnerships, real estate investment trusts, or similar organizations in which
funds are commingled and investment determinations are made by persons other
than the governing board.

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