TIFF Investment Program, Inc.
Supplement dated __________, 1999
to the Prospectus dated April 30, 1999
As of __________, 1999, the Funds of TIFF Investment Program, Inc. are available
to employee retirement plans of eligible grant-making foundations and other
501(c)(3) organizations
In addition, the section of the Prospectus entitled "Eligible Investors --
Eligibility Criteria" is amended to read as follows:
Eligibility Criteria. The TIFF Funds are open to:
o Organizations operated exclusively for charitable purposes, no
part of the net earnings of which inures to the benefit of any
private individual or corporation;
o Organizations that qualify for exemption from federal income
taxes under Section 501(c)(3) of the Internal Revenue Code of
1986, as amended;
o Non-U.S.-based charitable organizations that have received
501(c)(3) equivalency certificates from the Internal Revenue
Service;
o Planned giving or split interest assets of eligible organizations
where at least part of the income or principal of such assets is
owned irrevocably by the eligible organization and the
organization has legal control over the securities or vehicles in
which such assets are invested;
o Retirement plans maintained for the employees of organizations
meeting the above eligibility criteria; and
o FAI officers.
