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Indiana University & Foundation Endowment Fund

Name: Indiana University Office of the Treasurer

Assets Under Management:  $1.57 Billion (Source: Indiana University on 3/30/2012)

Annual Report:  Indiana University & Foundation Endowment Fund’s 2014 Financial Audit

Portfolio Insights: The Indiana University Foundation, Inc. (Foundation) is a not-for-profit corporation organized under the laws of the State of Indiana. The corporate purposes of the Foundation are to raise, receive, hold, invest and administer property and to make expenditures to or for the benefit of Indiana University, including its regional ca
mpuses and associated entities (such as the Purdue University schools housed at the Indiana University-Purdue University Indianapolis campus, the Indiana University Building Corporation, Riley Children’s Foundation, the Indiana University Research & Technology Corporati on, Indiana University Health, the Indiana University Alumni Association, and certain medical practice plans), herein referred to as the
“University.”

The mission of the Foundation is to maximize private support for Indiana University by fostering lifelong relationships with key stakeholders and providing advancement leadership and fundraising services for campuses and units across the university. (Source)

Our team, the Endowment Fund Association (EFA) and Endowments.com is the #1 community and most visited website dedicated to endowment fund professionals.  We provide endowment funds with buy-side co-investment and direct investment deal origination services, outsourced chief investment officer selection help,  and also provide Endowment 500 research and Endowment Database Solutions.

Top Indiana University & Foundation Endowment Fund and Indiana University Office of the Treasurer Headlines:

1) The University’s endowment—the largest component of the University of Rochester Long Term Investment Pool (“LTIP”)—provides perpetual annual support for student financial aid and faculty members salaries as well as support for certain facilities and academic programs. Spending from the endowment also helps to stabilize the University’s annual budget. As of June 30, 2014, Rochester’s LTIP was valued at approximately $2.1 billion and is one of approximately 60 college and university endowments valued above $1 billion.

Rochester’s LTIP is allocated to both publicly traded investments (domestic and international equities and fixed income) as well as alternative investments that do not trade on public markets such as private equity (buyouts, distressed, and venture), hedge funds, real assets (real estate and natural resources), and other assets. (Source)

2) University of Rochester (N.Y.) endowment returned 12% in the fiscal year ended June 30, according to its most recent financial report. The endowment reported assets of $1.81 billion as of June 30. The target allocation as of June 30 was 37% public equities, 19% private equity/distressed, 19% real assets, 18% hedge funds, 4% fixed income and 3% cash. The actual allocation as of June 30 was 36% public equities, 22% hedge funds, 19% private equity/distressed, 16% real assets, 4% fixed income and the rest cash.
(Source)

3) Between 2010 and 2011, the endowment of the Indiana University & Foundation increased by nearly 15%, as reported by the National Association of College and University Business Officers (NACUBO). (Source)

4) Indiana University & Foundation’s endowment totals $1.7 billion, an increase of 10.1 percent. As tuition prices have increased, there has been pressure on colleges and universities to release more endowment money to help students pay for college. Last year, about two-thirds of endowments distributed more money than a year earlier, with much of that going to scholarships, said Verne Sedlacek, president and CEO of Commonfund. Sedlacek said it used to be that only the larger endowments were fundraising, but now endowments of all sizes are doing so. “Everybody is either raising money or thinking about raising money,” Sedlacek said. (Source)

5) Periodically, Indiana University Office of the Treasurer surveys financial institu-
tions both in state and out of state, to determine if they have any IU affiliated accounts, e.g. accounts using the IU name and IU Federal Tax ID number. We conduct this survey as a way to detect any unauthorized checking and investment accounts. Occasionally, we do find accounts that have not been authorized. Typically, these are accounts that should have been set up in the name of a student organization or external agency, but were improperly opened in the name of Indiana University.

In all cases, unauthorized accounts are immediately closed. If a student organization or external agency needs an account, Treasury Operations will assist them in opening an account using their name and their organizations Federal Tax ID number.

Please remember that only Indiana University Office of the Treasurer can open, maintain or close University bank and investment accounts. This is an important safeguard for university assets and we ask you to immediately advise the Office of the Treasurer if you become aware of a bank or investment that you feel may not be authorized. (Source)

 

About Richard C. Wilson