June 30, 2006 Adjustments to Spending Bases of Endowments
Paul A. Robell, Vice President for Development and Alumni Affairs
We are pleased to report that the endowment pool had a total investment return of 13.31% (net of investment management fees) for the fiscal year ended June 30, 2006. Our thanks to the UFICO staff who have done a great job for the University all this year.
As a result (and as reported earlier in June), most endowment funds have received a substantial increase to their spending bases. The average increase is 15.06%; you can confirm the adjustment to a particular fund by checking on FAS where these adjustments are now posted. The spending transfer for each endowment will continue to be 4% annually of the growing spendable base.
If you have any questions, please contact me at firstname.lastname@example.org, Leslie Bram at email@example.com or Randy Settle at firstname.lastname@example.org.
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