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University of Alaska & Foundation Endowment Fund

Name: University of Alaska Foundation

Assets Under Management: $286.3 Million (Source: University of Alaska & Foundation on 6/30/2013)

Annual Report: University of Alaska & Foundation Consolidated Endowment Fund Financial Statements June 30, 2013 and 2012

Portfolio Insights: “The Consolidated Endowment Fund (fund) was established July 1, 1997 to combine, for investment purposes, certain assets of the University of Alaska (university) Land-Grant Endowments and the University of Alaska Foundation (foundation) Pooled Endowment Fund. The fund is managed by the foundation through its investment committee and treasurer.

The university’s Land-Grant Endowments consist of the Endowment Trust Fund, which is codified in Alaska Statute 14.40.400, and its companion Inflation-Proofing Fund. The source of the funding consists of income from the sale or lease of land granted to the university by an Act of Congress approved January 21, 1929, other gifts, bequests and funds dedicated to the purposes of the Endowment Trust Fund by the Board of Regents.” (Source)

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Top University of Alaska & Foundation Endowment Fund Headlines:

1) The University of Alaska Foundation is proud to join other community organizations on Nov. 21, in honoring individuals and corporations for their contributions during the Association of Fundraising Professionals’ celebration of philanthropy at the Dena’ina Center.

Among those being recognized are Icicle Seafoods, a company that generously supports programs on campuses across the state such as the UAF-based statewide Marine Advisory Program, as well as scholarships and undergraduate research spanning the system, and the McManamin family who have given generously to provide scholarships for students wishing to become teachers. (Source)

2) The University of Alaska Foundation makes a list of all holdings available to trustees and senior administrators on a password-protected website. A list of asset allocation and external managers is available to the public and is sent upon request.

The foundation aims to optimize investment return and does not invest the endowment in on-campus sustainability projects, renewable energy funds, or community development loan funds. Donors may request that gifts be directed to the Roderick Sustainability Fund, which invests in such projects. (Source)

3) Tamera (Tammi) Weaver has lived in Fairbanks since 1968.  She graduated from Lathrop High School and attended the University of Alaska Fairbanks, receiving her B.B.A. in Accounting in 1985.  After graduation, she worked for a CPA firm in Fairbanks for 8 years and received her CPA certificate in 1987.  In 1993, she accepted the position of Cash & Investment Manager at the University of Alaska.  In 2006, she was appointed the Chief Investment Officer for the University and the University of Alaska Foundation. Weaver is responsible for providing planning, direction, control and management of the University Cash Management Program, the UA Foundation Accounting Operations and for the UA Foundation’s Treasury Management Program. She has fiduciary responsibility for approximately $450 million and during her tenure the assets under management by the Foundation have grown due to new gifts and investment earnings from $27 million to over $300 million. (Source)

4) The University of Alaska Foundation invests assets to help provide scholarships, professorships, equipment and program support to the university. As of June 30, 2012, the Foundation invested more than $47.9 million, or 20%, of its $249 million investment portfolio in various hedge fund strategies. (Source)

5) Jul 17, 2014 – The University of Alaska Foundation has announced that Harry W. Need IV, MPA, CFRE has been hired as the director of gift planning. This new position expands UA Foundation’s service to philanthropic individuals and organizations seeking to create legacy or complex gifts for the University of Alaska. Need joins UA with seven years of development experience. Most recently, he served as a development officer responsible for facilitating major gifts to the University of Alaska Anchorage’s College of Arts and Sciences.

He graduated from the University of Colorado Boulder in 2001, completed Leadership Anchorage in 2008, and earned an MPA with dual emphases in policy analysis and public management from UAA in 2013. He earned a fundraising executive certification through CFRE International in 2013 and was recognized as a “Top Forty under 40” professional by the AK Journal of Commerce in 2014. (Source)

About Richard C. Wilson