Investments Pooled Investment Funds Assets of the Foundation consist primarily of investments in pooled investment funds. The pooled investment funds, individually described below, are carried at fair value. Consolidated Investment Fund - Investments in this fund consist primarily of U.S. Government securities, corporate stocks and corporate bonds, and are for the benefit of the endowment and medical endowment funds. Income is distributed to these funds quarterly. Consolidated Money Market Fund - Investments in this fund consist of U.S. Government securities and are for the benefit of the general, special, medical special, endowment and medical endowment funds.
Income is distributed quarterly based on the fund's actual income.
Investments and withdrawals are permitted periodically during the year from each pooled investment fund based on quoted market values of the investments of the various pooled funds at the date of investment or withdrawal. Other Investments Other investments not included in the pooled funds consist primarily of U.S. Government securities, corporate bonds, corporate stocks, mutual funds, money market funds, municipal bonds, certificates of deposit, real property, student loans, cash surrender value of life insurance policies and note receivables. Carrying Values of Investments Investment securities are recorded at fair market value with realized and unrealized appreciation and depreciation on investments recorded in the consolidated statements of activities and changes in net assets.