Endowment Pool

Endowment Report

Each year, the university provides an annual report that details overall developments within the university and also provides financial information.

Maintaining the Investment Pool

The university invests most of its long-term (non-retirement) assets by operating an investment pool. As of June 2015, the market value of the investment pool was approximately $1.5 billion. The pool maintains a highly-diversified portfolio invested globally in public and private equities, real assets, hedge funds and fixed income. Its market and risk exposures are modeled and calibrated to support achievement of multiple investment goals defined in absolute return, relative return and risk-adjusted return terms.

The pool’s structure is similar to that of a mutual fund. It is able to serve the investment needs of nearly 3,000 individual permanently-restricted endowed and donor-restricted gifts as well as board-designated funds and excess operating funds appropriate for the pool’s long investment horizon.

Earnings from endowments are directed—usually by specific donor request—to the support of scholarships, professorships, research, facilities and other essential activities across all schools and programs of the university.

The university also receives benefit from other endowments and trusts that are invested in separate programs outside the pool.