Reading Your Endowment Report Sum of the market value of the investment holdings for the endowment at the beginning of the year (September 1, 2023). Funds that are withdrawn from the endowment. Because most endowments are perpetual, withdrawals are minimal. Those made are normally due to an administrative adjustment or if the endowment is a term endowment.
Funds received from donors or matching funds. Contributions may be received in the form of cash, securities, real estate, mineral interests, and other assets. Contributions are reported at market value on the contribution date. Includes reinvestment of distributions and allocations into the endowment principal which becomes a permanent part of the endowment. Allocations reinvested represent amounts not received by the institution, i.e., the difference between the amount available and the actual amount sent to the institution.
Represents the change in endowment value during the period attributable to both realized and unrealized capital appreciation and income net of all investment fees and expenses, from both the LTF and separately invested assets. Separately invested assets are individual investment holdings of the endowment such as real estate, stocks, bonds, and mineral interests.
Total funds distributed to the institution to support the purposes of the endowment. In some instances, the distributions are not received in cash but are automatically reinvested into the endowment principal. Distributions (payout) are derived from the LTF units held by the endowment and any separately invested assets.
Total funds allocated to support strategic endowment and fundraising growth. Amount shown is the maximum allocation available and charged to the LTF.
The LTF distributions are determined by the number of units held and payout in cents per unit.
Beginning market value, plus contributions and additions and net investment return, less withdrawals and cash distributions and allocations. This value will also comprise the sum of the market value of the investment holdings for the endowment at the end of the year.
The separately invested assets receive income, which may include interest, dividends, and real estate income that is also distributed to the institution.
Number of LTF units held by the endowment at the end of the year.
Summary of information presented in the body of the Endowment Report for years 2020 through 2024.
Sum of the book value of the investment holdings held at the end of the year. The book value also represents all contributions, reinvested income and any realized gains (losses) attributable to the sale of an investment. The difference between market value and book value is unrealized gains and losses.
Endowment’s investment in the LTF. It is the number of LTF units held by the endowment multiplied by the LTF market value per unit at the end of the year.