FAQ: Measuring the Foundation's success
What is the size of the Foundation's endowment?
As of June 30, 2011 , the market value of the combined University of Iowa and University of Iowa Foundation endowment was $1.058 billion . Two facts are important to remember about the combined UI/UI Foundation endowment:
- More than 98.2 percent 95 percent of the UI/UI Foundation endowment is restricted to donor-specified uses; that is, the funds are designated to support particular UI colleges or programs, and neither the principal nor the income can be directed to other needs within the University, even during times of severe budget shortfalls.
How does the Foundation manage its endowment?
An endowment provides financial support for immediate and future needs of The University of Iowa. Endowed funds may be unrestricted, which means they can be used wherever the need is greatest, or specified for use in a particular UI college, department, or program. Unlike legislative appropriations or annual contributions, endowed funds are invested to protect their "purchasing power" so that over the long term (five years or longer), the fund will fulfill the donor's specified purpose.
