The Investment of URI’s Endowment
Annualized Return on Investment
Performance: The portfolio’s performance
portfolio, as of June 30, 2015, was -0.3%. The returns for
is calculated on a total return basis, which,
the past five years, on June 30, are shown below.
The annualized return on the University’s endowment
for the purpose of this report, represents the
increase/decrease as of june 30
combination of income, dividends, and gains and losses for the time period reported, net of investment management fees and distributions. The value of the portfolio, which includes all individually named endowed funds, was
URIF Spending Policy: The current
to the fiscal year 2017 for use in the 2017–2018
$105.9 million on December 31, 2015. endowment spending rate that will be applied
11.3% 14.9% 2015
academic year is 4.5 percent, which contains both the University distribution and the Foundation’s management fee. For the fiscal year 2017, the payout to the University equals 3.3 percent of the 12 quarter rolling average of the endowment market value as of December 31, 2015. The management fee is 1.2 percent. The dollar value of the payout to the University to support donor purpose this year will be
Conclusion Endowments are the cornerstone of any great university. The impact of the URI endowment is felt far and wide across all of URI’s campuses, colleges and beyond, with every dollar helping to support the things that distinguish this University from its peers: its students,
equal that of last year — $3.7 million.
faculty and programs. These vital investments help shape
A complete listing of endowed funds can be found on the URI Foundation website at www.urifoundation.org/endowmentfunds.
endowment donors is highly valued and your commitment
URI’s character and its future. The generosity of our to furthering the state’s flagship research institution is appreciated beyond measure. Please accept our heartfelt thanks, extended on behalf of the entire URI community.
If you have any questions about your fund or the endowment in general, please contact Adam Quinlan, Chief Financial Officer, at 401.874.4490 or email@example.com.
your investment in the university of rhode island’s future 79 upper college road, kingston, ri 02881 (401) 874-7900 | firstname.lastname@example.org | urifoundation.org As is customary with many universities across the country, a one-time gift fee is deducted from all donations to provide essential support to the University’s overall development activities.
this report was prepared by the uri foundation to provide an overview of the investment performance and impact of uri’s endowment.
The URI Foundation, on behalf of the University of Rhode Island,
Gifts to URI by Type fy2015
secures and encourages charitable gifts from our alumni, parents, corporations and foundations and friends that are designated as endowment the University’s overall endowment, help ensure a legacy of support for URI students, faculty and programs over generations. This report has been
prepared primarily to share investment performance information related to the University’s overall endowment portfolio. Our donors and fund stewards are our partners in progress and we are pleased to share this report with them.
principal value over time, while generating
at the time it is created, and each has been
established with a donor-specified purpose
Endowed Funds by General Purpose
earnings used to make a meaningful impact
52.2% SCHOLARSHIPS 27.1% ACADEMIC/PROGRAM SUPPORT 9.4% CHAIRS AND PROFESSORSHIPS 8.0% OTHER 3.3% BUILDINGS AND EQUIPMENT
The portion of funds generated from the
for this and future generations of students. investment of the entire pool of endowed funds and contributed to the University each year is a very important piece of the overall impact of charitable giving at URI. Last year (FY 2015), a combined $11.5 million in endowment earnings and expendable gifts (non-endowed gifts received) was made
Annual Endowment Payout
The primary objective of the endowment is to support the long-term needs of the University
The following graph represents the total amount of endowment-generated funds distributed to URI
by maintaining a strong and healthy endowment,
each fiscal year, based on the Foundation’s spending
achieved by growing the inflation-adjusted value
policy, for use over five academic years.
available to support the students, faculty and programs at URI. Additional gifts of $6 million directed to further enhance the University’s
endowment’s earnings and appreciation back into the fund each year. This principal growth is intended to help
offset the negative implications of rising inflation and
dips in the business cycle over time. The University’s endowment provides long-term stability and support and helps offset variations in state appropriations supporting Rhode Island’s flagship institution for higher education.
$1.0 $0 2013
URI’s Endowment Value in Millions: as of 12/31/15
State Support of URI’s Overall Budget 1999: 23% E 2016: 9%
THE ENDOWMENT BY THE NUMBERS…
NEW FUNDS CREATED IN FY2015
Annual Distribution of Earnings:
The payout from the investment of the endowment portfolio to the University varies each year, based on both the endowment value and the spending policy adopted by the URI Foundation Executive Board for that given year. For use in the upcoming academic year, 2016/2017, $3.7 million will be distributed to support donor specified purposes, including: undergraduate and graduate student support; faculty support and professorships; program support, including those relating to experiential learning opportunities; and vital facility and capital project support.
endowment were also raised in FY 2015.
of the assets over time by investing a portion of the
prudently invested in order to preserve its
the generosity of our donors. Each fund is
by cash value
Asset Allocation: 26.0% US Equity
24.5% Marketable Alternatives 14.6% Global ex-US Equity 14.3% Deflation Hedging 10.1% Emerging Markets Equity 8.4% Inflation Hedging 1.7% Cash and Equivalent 0.4% Private Investment
gifts. These gifts, which are invested as part of
The University endowment is made up of a pool of over 1,100 individual endowment funds, established through
URI Students Receiving Some Form of Financial Aid: 75%
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ALUMNI, FRIENDS AND PARENTS SUPPORTED URI LAST YEAR WITH GIFTS, INCLUDING THOSE SUPPORTING THE ENDOWMENT
Gifts Received by Donor Type
26.7% ALUMNI 14.6% OTHER 9.4% FRIENDS
Named Endowment Fund Opportunities: Endowments are a meaningful way to create a permanent
legacy and to ensure that your long-term philanthropic goals will be fulfilled. A new fund can be established and named with a $25,000 gift and will pay out to support its designated purpose once fully funded (typically within 5 years). Donors may also choose to support an existing endowment that aligns with their goals and wishes with no minimum gift requirements. Development professionals at the URI Foundation are available to work with you to help determine the best choice for you.