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University of Florida Foundation, Inc. Endowment Fund

Name: University of Florida Foundation, Inc.

Assets Under Management: $2.7 Billion (Source: University of Florida Foundation, Inc. on 6/30/2014)

Annual Report:  University of Florida Foundation, Inc.’s 2013 Endowment Management and Investment Performance Report

Portfolio Insights: “Endowments are an irreplaceable source of quality , stability , product ivity and creativity for the University of Florida. The thoughtful individuals and organizations who create endowments provide security and confidence for our students and faculty , now and in the future. As such, the University of Florida Foundation invests your gift assets to protect the ability of the endowment to provide, inperpetuity , an income stream sufficient to support the university activity you designated, and to ensure the proceeds there of are used in accordance with your designation.

The endow ment investment pool is managed by the University of Florida Investment Corporation, a direct support organization.

The long-term goal for the endowment investment pool is to earn a total return of 8.2%, sufficient to provide a 4.0% income stream to support the university activity you designated, fund the Office of Development and Alumni Affairs through a 1.2% administrative fee and provide 3% to protect against inflation.” (Source)

Our team, the Endowment Fund Association (EFA) and 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 University of Florida Foundation, Inc. Endowment Fund Headlines:

1) The University of Florida Foundation has established an endowment fund to help ensure the continued vitality of the program and tax deductible donations are now being solicited for the program, which provides skills the attorneys use throughout their careers, even if they choose to leave public service. (Source)

2) Since 1979, the Foundation has given $1.9 billion to support students, teaching, research, and service programs. As the state’s largest employer, the school has 35,000 employees, 26 50,000 students , over 16 colleges, and more than 150 research centers and institutes. In 2012, t he University of Florida Foundation invest ed mo r e than $ 265 million , or 21%, of the school’s $1.26 billion endowment in hedged strategies. (Source)

3) Created in 1934 as the University of Florida Endowment Corporation, the Foundation expanded in the early 1950s to become the primary fund-raising and fund-management arm of the university. In 1964, Florida certified the Foundation under its current name. The mission of the UF Foundation is to support and enhance the university by encouraging private support and volunteer leadership in support of the university’s objectives. (Source)

4) William S. Reeser was named chief investment officer of the University of Florida Investment Corp., Gainesville, said Steve Orlando, university spokesman. Mr. Reeser will start Nov. 10 and succeeds Douglas Wynkoop, who left the university last year.

UFICO manages a total of $2.7 billion for the University of Florida Foundation, University of Florida Research Foundation, University of Florida Athletic Association, and Shands Teaching Hospital and Clinics at the University of Florida.

Mr. Reeser was previously senior vice president and chief investment officer at American Lebanese Syrian Associated Charities Inc., the fundraising organization of St. Jude Children’s Research Hospital, Memphis, Tenn. ALSAC had $3.3 billion in assets as of June 30, 2013, according to its most recent available financial statements. (Source)

5) In 2003, twenty individuals composed of entrepreneurs, business professionals, and investors in the Gainesville and Ocala regions came together with a purpose of creating an organization that engages in high-risk, high-return investments. In cooperation with the Gainesville Area Chamber of Commerce, the University of Florida’s Office of Technology Licensing and the University of Florida Foundation, the initial group pooled in more members and established a group that is now known as the Emergent Growth Fund. The first round of membership application produced over fifty member investors, while the second round has come up with about sixty member investors. Currently, membership to the Emergent Growth Fund is closed. Those who are interested to become member investors should send an application via electronic mail. These applications will be considered for the next round of membership application. (Source)

About Richard C. Wilson