Endowment Returns

Published: August 1st, 2005

Category: Memos

Paul A. Robell, Vice President for Development and Alumni Affairs

I am pleased to report that the endowment returned a healthy 9.5% (net of investment management fees) for the fiscal year ending June 30, 2005. As you know, we are operating under a “recovery” plan for endowment spending which ensures that the investment value of each endowment fund must be within 80-90% of the market value.

The majority of the positive market returns were earned in the first six months of the fiscal year and were reflected in the performance adjustments to investment values made as of January l, 2005.

Each fund has now received a 1.57% CPI increase (which is an additional component of the endowment spending policy). Then each fund’s investment value has been readjusted, if necessary, to within 80 – 90% of market value.

These adjustments are now posted as of June 30, 2005, and are available on FAS. If you have any questions about a particular fund, please feel free to contact Randy Settle, Acting Controller at 392-5863 or rsettle@uff.ufl.edu.

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