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 probell@uff.ufl.edu, Leslie Bram at lbram@uff.ufl.edu or Randy Settle at rsettle@uff.ufl.edu.