Andrew D. Martin
“Our endowment is working. It’s working for the university. It’s working for our region. And it’s working for the world.”
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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 11 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.
Endowment Payout in FY20
Number of Endowed
Endowed Funds with Donor Restrictions