Endowments

Surdna Foundation Commits $100M to Impact Investments
February 7, 2017 at 8:38 am

The Surdna Foundation plans to put $100 million of its roughly $1 billion endowment into investments that seek both financial and social returns. "The investments are an experiment," Shuaib Siddiqui, director of impact investing at Surdna, said. "We’re carving out this $100 million pool of capital to figure out: Can we continue to meet the needs…

People Are Pissed at University of New Hampshire for Spending $1M of Librarian's Bequest on Scoreboard
September 16, 2016 at 11:26 am

When Robert Morin, a University of New Hampshire alumnus who worked for nearly 50 years in the school's library, died in 2015, he left his entire $4 million estate to the university. The university school said it'd spend $100,00 on the library, $2.5 million on renovations to the student center and $1 million on a scoreboard for its new $25 million football stadium. That last bit has people very angry...

Why I Hate Endowment Campaigns and You Should, Too
August 17, 2016 at 7:26 am

Is an endowment campaign worth it? Do you ever wish your organization had an endowment? Do your board members believe an endowment campaign is the answer to all of your fundraising woes? If you said, “Yes,” you’re not alone. It would be fantastic if you had a huge reserve, generating interest for your organization. You could…

New IRS Regulations Encourage Use of Program-Related Investments
June 15, 2016 at 9:00 am

Each year, more than 87,000 U.S. foundations make grants to help improve their communities, their nation and their world. With more than $800 billion of foundation assets, these annual grants total more than $56 billion—doing a lot of good. Each year, however, nearly $750 billion remains in endowments—where it usually is invested for the single bottom…

Stanford, With Another $400M Donation, Is Out-Fundraising All Other Schools
February 25, 2016 at 10:55 am

With a $22 billion endowment, Stanford University is hardly hurting for money. Yet the West Coast school keeps pulling in hundreds of millions of dollars in donations, and its fundraising efforts are pulling away from the rest of the nation’s elite schools, including the traditional Ivy League powerhouses on the other side of the country. Stanford…

Lawmakers Query Rich Schools on Endowment Spending
February 18, 2016 at 10:09 am

With many of the largest U.S. college endowments at record values, two congressional committees that determine tax policy jointly opened an inquiry about how the wealthiest schools manage and spend those funds. The Republican leadership of the Senate Finance Committee and the House Ways and Means Committee emailed letters late Monday to 56 private schools…

Large University Endowments and Investment Fees Under Fire
August 21, 2015 at 11:29 am

NPQ has reported on large university foundations in the past, with an emphasis on the debate over whether public policy should be changed to force more endowed funds to be disbursed to fund scholarships and salaries. The largest U.S. universities have billions in endowments (and growing); meanwhile, tuitions continue to rise, and the nation’s student…

Caltech Receives $100 Million Endowment Gift From Moore Foundation
July 29, 2015 at 12:56 pm

The California Institute of Technology has announced a $100 million endowment gift from the Gordon and Betty Moore Foundation—to be used as the Caltech leadership chooses. To strengthen Caltech for generations to come, the institute's president and provost have chosen to dedicate the second-largest gift in its history to funding fellowships for graduate students. Caltech…

AccuFund Unveils Results of 2015-2016 Endowment Accounting Insights & Analysis Survey
June 18, 2015 at 12:43 pm

AccuFund Inc., the provider of nonprofit accounting and fundraising solutions, shared its results from a commissioned survey conducted by NonProfit PRO of its readers (nonprofit finance professionals and top organization management) to benchmark the methods used to manage endowment accounting. The 2015-2016 Endowment Accounting Insights & Analysis Survey sought information central to endowment accounting management,…