Endowment FAQs

What is an endowment?

An endowment is a donor-directed stipulation that the principal (or corpus) of a gift be invested in perpetuity. A portion of income and capital gains, as directed by the Board of Trustees, maybe expended to carry out the donor’s desired purpose.

What is the endowment's current asset allocation?

Click here to view the current asset allocation.

What is the current performance of the endowment?

Click here to view the endowment performance.

How is the endowment managed?

Click here to view the Management and Investment guidelines in the IPS.

Does the University have an investment advisor?

Yes, the University's investment advisor is Mercer-Hammond.

Are the University’s most recent audited financial statements available online?

Yes. Click here to view the University’s audited financial statements.

How can I donate to the University’s endowment?

Click here to donate to the endowment. Click here for additional information about giving to the University.

How is income from the endowment distributed?

Click here to view the endowment spending policy.

How does RIT’s endowment compare with that of its peers?

As of June 30, 2020, RIT had $62,531 of endowment per student.  The average was $167,180 of endowment per student for universities with assets over $1billion.

What percentage of the University’s operating budget is funded by the endowment?

RIT’s endowment provides approximately 4% support for RIT’s operating expenses.

What is an underwater fund?

An underwater fund occurs when the market value falls below the contributed value.