Objective

To develop an investment strategy for the Goss Fund principal amount of $106,000 and to develop a course of action for funding turfgrass research at Washington State University with the Goss Fund’s proceeds.

Steps to Take

1. Agree on committee structure and define committee member roles.
2. Develop long- and short-term investment objectives:
   1. Find appropriate financial planner to assist the committee;
   2. Determine the asset allocation (portfolio) for the $106,000 principal;
   3. Have a 6-month (possibly yearly) review of the asset allocation and adjust accordingly.
3. Develop plan for funding research with proceeds.