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 (FY2018) success with you. Alumni and friends contributed over $21 million in support of the University of Idaho.
As of June 30, 2018, the total assets of the Foundation reached a record-setting $350 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.
Investment earnings were $21 million in FY18 and $29 million in the prior fiscal year, reflecting annual rates of return of 7.4% and 12.1% respectively. The Foundation distributed a record-setting $10.9 million during 2018 and $10.7 million in 2017 from the Consolidated Investment Trust (CIT). The CIT is comprised of 1,556 separate endowments that provide funding for scholarships and programs at the University.
Since fiscal year 2000, the Foundation distributed $339 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.