Thanks to our generous donors, a prudent investment policy, and sound financial management, the University of Idaho Foundation continues to be a vital partner for the University of Idaho.
The Foundation is pleased to share news of this past year’s (FY2017) success with you.
Donations to the Foundation increased by 27% compared to the previous year, with alumni and friends contributing nearly $20.6 million in support of the University of Idaho.
As of June 30, 2017, the total assets of the Foundation reached a record-setting $320 million, making us not only the largest university foundation, but also the largest public foundation in the state. We are proud to manage these critical resources in support of the university and its efforts to expand the institution’s intellectual and economic impact and make higher education relevant and accessible to students of all backgrounds.
With investment earnings of $29 million and a one-year rate of return of 12.1%, the Foundation distributed a record-setting $10.7 million from the pooled endowment fund, the Consolidated Investment Trust (CIT). The CIT is comprised of 1,510 separate endowments that provide funding for scholarships and programs at the University.
Since fiscal year 2000, the Foundation has distributed $318 million from endowment earnings and current gifts to support students, programs, faculty, staff, and facilities.
These successes were achieved as a result of your generosity. In partnership with the Foundation and University, philanthropy promotes outstanding research and educational opportunities for students and faculty, propelling the University of Idaho to greater heights.
We hope this report conveys the power of giving that benefits our institution. On behalf of students, faculty and staff, we thank you for your enduring commitment to the University of Idaho.