UO Foundation Reaches Endowment Milestone
EUGENE, Ore. – (April 21, 2014) The University of Oregon endowment has reached an all-time high market value of $600 million, UO Foundation President/CEO Paul Weinhold announced today.
“A healthy, growing endowment means that our students, faculty and staff will continue to receive stable financial support for generations to come,” Board Chair Jon Anderson said. “The Foundation and its investment team have done a tremendous job of stewarding the tens of thousands of private gifts given to benefit the university.”
The endowment closed fiscal year 2013 at $553 million, achieving top-quarter returns in the most recent National Association of College and Business Officers rankings. The Foundation’s 13.8 percent annualized rate of return placed it in the top 16th percentile of more than 800 universities. Its 10-year performance (7.9 percent) also garnered a top-quarter ranking.
“This accomplishment would not have been possible without the generosity and support of donors across the country and around the world,” Chief Investment Officer Jay Namyet said. “We would like to thank all donors and the Foundation Board of Trustees for helping reach this milestone.”
About the University of Oregon Foundation
The University of Oregon Foundation is a non-profit corporation responsible for administering private gifts made to further the University of Oregon’s mission. Established in 1922, the UO Foundation receives, invests and distributes private gifts to the University, and manages assets of more than $900 million.
For more information, contact:
Paul Weinhold, President/CEO