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.
Yes. Click here to view the IPS.
Click here to view the Management and Investment guidelines in the IPS.
Yes, the University's investment advisor is Mercer-Hammond.
Yes. Click here to view the University’s audited financial statements.
As of June 30, 2018, RIT had $60,048 of endowment per student. The average was $182,808 of endowment per student for universities with assets between $500 million and $1billion.
RIT’s endowment provides approximately 4% support for RIT’s operating expenses.
An underwater fund occurs when the market value falls below the contributed value.