University Investment Fund Spending for 2017-18 The Board of - PowerPoint PPT Presentation

University Investment Fund Spending for 2017-18

The Board of Trustees of the Endowment Fund of the University of North Carolina at Greensboro and The University of North Carolina at Greensboro Investment Fund, Inc. originally entered into a Memorandum of Agreement in August 1992 and amended it November 9, 1999. This agreement included: Page 1 #1 “ENDOWMENT hereby appoints FUND as its agent in connection with the investment, management, and administration of all assets transferred under this Agreement in accordance with the policies and procedures adopted by the Board of Directors of FUND, and contained in the MANUAL or its successor…” Page 2 #5 “FUND shall collect and receive income and profits from the investment of ENDOWMENT’s assets and, after the payment of all reasonable fees and expenses as described in the MANUAL, in connection with the management and administration of the assets, shall make annual allocations of the net income to ENDOWMENT in accord with the number of units held by ENDOWMENT on June 30 of the fiscal year.”

2016 NACUBO-Commonfund Study of Endowments Number of Respondents* to the NACUBO-Commonfund Study of Endowments, and Total Endowment Market Values, Fiscal Year 2016, by Endowment Size and Institution Type Total Number of Size of Endowment % of Total Endowment % of Total Respondents Value ($1,000) Over $1 Billion 91 11.3 382,538,589 74.3 $501 Million to $1 Billion 75 9.3 54,064,633 10.5 $101 Million to $500 Million 264 32.8 60,472,069 11.7 $51 Million to $100 Million 163 20.3 12,078,690 2.3 $25 Million to $50 Million 121 15.0 4,545,969 0.9 Under $25 Million 91 11.3 1,409,177 0.3 Total (All Institutions) 805 100.0 515,109,128 100.0 Type of Institution All Public Institutions 299 37.1 165,100,708 32.1 Public College, University, or System 71 8.8 89,525,248 17.4 Institution-Related Foundations 169 21.0 32,872,251 6.4 Combined Endowment/Foundation 59 7.3 42,703,209 8.3 All Private Colleges and Universities 506 62.9 350,008,420 67.9 Due to rounding, details may not sum to 100%. *Includes U.S. colleges, universities, and affiliated foundations only.

NACUBO 2016 Endowment Report Average 1,3,5 & 10 Net Returns for FY 2016 1 Year 3 Year 5 Year 10 Year Total Institutions -1.9 5.2 5.4 5.0 All Public Instutitons -1.7 5.3 5.4 5.0 Over $1 Billion -1.9 6.0 6.1 5.7 $ 101 Million - $500 Million -2.4 4.9 5.1 4.8 UNCG Investment Fund -4.9 4.0 4.1 4.5 Average Annual Policy Spending Rates 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Institutions 4.60 4.30 4.40 4.50 4.60 4.20 4.40 4.40 4.20 4.30 All Public Instutitons 4.50 4.60 4.20 4.10 4.50 4.00 4.10 4.10 4.00 4.00 $ 101 Million - $500 Million 4.50 4.20 4.40 4.90 5.00 4.30 4.40 4.30 4.10 4.30 UNCG Investment Fund 4.25 4.25 4.25 4.25 4.25 4.25 4.25 4.50 4.50 4.25 Note: The 2014 and 2015 spending rates were 4.25% plus a .25% bonus.

The University of North Carolina at Greensboro and Affiliated Organizations Summary of Endowment Spending and UIF Grant As of December 31, 2016 Associated Total UNCG Alumni Campus Investment Fund UNCG Excellence HES Association Ministries Approved for 2017 - 2018: Spending 4.25% 10,281,701.21 5,540,489.80 4,239,329.37 359,761.89 119,384.93 22,735.22 UIF Grant .50% 1,209,611.91 651,822.33 498,744.63 42,324.93 14,045.29 2,674.73 Actual UIF Grant for: 2016-2017 .447% 987,320.00 542.748.75 390,902.74 38,139.23 12,800.69 2,728.59 Actual Spending for: 4.25% 9,387,746.96 5,168,141.37 3,717,638.64 362,680.87 113,314.08 25,972.81 2016-2017 2015-2016 4.50% 9,954,347.04 5,416,857.42 4,013,326.58 378,392.67 118,481.56 27,288.81 2014-2015 4.50% 9,270,848.52 5,076,402.95 3,710,717.37 346,076.24 111,857.59 25,794.37 2013-2014 4.25% 8,065,951.79 4,376,406.49 3,254,552.10 309,904.68 101,622.85 23,465.67 12,500,000.00 10,000,000.00 7,500,000.00 5,000,000.00 2,500,000.00 0.00 2013-2014 2014-2015 2015-2016 2016-2017 2017-2018