Message from the Chancellor
Andrew D. Martin
“The strength of our endowment, managed with a singular focus on financially supporting the university’s mission, has allowed us to make significant strides in student access over the last decade.”
Read the Message
An institution’s endowment spending policy is a key instrument of financial discipline that allows it to balance the conflicting goals of providing stable support for current operations and preserving purchasing power for future generations.
The annual distribution from the endowment is the university’s fourth largest revenue stream, accounting for between 10 and 12 percent of the university’s operating budget in a typical year. The largest sources of revenue come from patient care and research grants at the School of Medicine, followed by tuition from all schools of the university, and then payout from the endowment.
Much of the annual payout is earmarked for specific and strategic purposes, such as faculty and staff salaries, programs and initiatives, financial aid, operating costs, capital projects, research, and more.
$576M
Endowment Payout in FY24
⠀
⠀
4,410
Total
Number of Endowed
Funds
63%
Endowed Funds with Donor Restrictions
⠀
FY24 Endowment Distribution by Use
Total Endowment Payout ($ Millions)
