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University of Idaho Foundation

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Financial Highlights

There has been much to celebrate during the past fiscal year. As we all joined together to celebrate the 125th anniversary of the founding of our great University, the Foundation had new milestones to celebrate as well. With total assets of $298.5 million, the Foundation proudly continues to be the largest institutionally FY14 Distributions Graph related foundation in the state. During fiscal year 2014, total assets increased by $39.5 million.

The greatest percentage of growth in the Foundation assets can be attributed to the increase in market value of its investments, especially those investments held by its pooled endowment fund, the Consolidated Investment Trust (CIT). The CIT’s assets grew from $217.2 million to $249.9 million and accounted for 84% of the Foundation’s total assets as of June 30, 2014. The CIT achieved a total rate of return for FY14 of 15.3 percent which brings the five year annualized returns for the endowment to 12.1 percent.

FY14 Assets GraphDuring the 55 year history of the CIT, more than $145 million has been distributed from endowment earnings to fund scholarships and programs for the University of Idaho including a record $9.2 million distribution in FY14. The Foundation is extremely proud of the opportunities and resources the endowment earnings provide the University of Idaho, and consider the stewardship of the endowment pool their primary mission.

Foundation gift revenues increased from $17.1 million at June 30, 2013 to $27.2 million at June 30, 2014. Several large estate gifts along with strong support for the Inspiring Futures: Invest in the University of Idaho campaign accounted for the nearly $10 million increase.

Generous support from our donors along with strong market performance enabled the Foundation to make distributions of nearly $21 million to the University of Idaho in FY14. These resources provide the margin of excellence for the many exciting programs at the University which are supported by gifts each year – including academic programs, student scholarships, faculty development and research, theater and music programs, athletic competitions and other student opportunities.