ENDOWMENT MARKET VALUE
(DOLLARS IN MILLIONS)
JULY 1, 2023 – JUNE 30, 2024
$99.8M BEGINNING OF YEAR - $3.4M SPENDING
$4.2M GIFTS TO ENDOWMENT (NET) $3.1M REINVESTMENT $9.9M INVESTMENT RESULTS AND ALLOCATION FOR SPENDING $113.6M END OF YEAR
INVESTMENT RETURN ANNUALIZED TOTAL OVER 1
NEW DOLLARS FOR SCHOLARSHIPS AND PROGRAMS MADE AVAILABLE BY INVESTMENT INCOME
The goal of setting asset allocation and expenditure strategy for the NIU Foundation Endowment Fund is to maintain the spending power of the fund, in inflation-adjusted (real) dollars, far into the future. The NIU Foundation Finance Committee reviews the asset allocation regularly using ranges approved annually by the NIU Foundation Board of Directors.
Northern Illinois University and the NIU Alumni Association have designated the NIU Foundation as manager of their endowment assets.
- YEAR ENDED JUNE 30, 2024
ASSETS, JUNE 30,
complete audited financial statements and IRS Form 990, visit www.niufoundation.org/financials.
FUNDS FROM DONOR GIFTS PROVIDED TO SUPPORT NIU
$166,465,039 Total Donor Funds Provided: $12,401,810