Foundation Update & Financial Reports
From humble beginnings the Foundation has grown to become the largest public foundation in the state of Idaho with assets of over $362 million. That growth has happened because of the many donors who have stepped up each and every one of these past fifty years to make a difference and promote excellence at the University of Idaho.
For the fiscal year ended June 30, 2020, the Foundation distributed a total of $23.3 million to the university. The funds support scholarships, college programs, athletics, building projects and university initiatives. That total includes $11.8 million from the endowment pool and $11.5 million from current use (expendable) gifts. The Consolidated Investment Trust (CIT), our pooled endowment fund, crossed a milestone this year, having distributed more than $200 million in earnings to the university.
The generosity of donors and belief in the university has generated over $514 million in gifts to further our university and enrich the lives of our deserving students. A steady hand and strong financial leadership have turned those funds into over $485 million in distributions to the university and an endowment valued at over $286 million, providing funding to the university in perpetuity.
There are two overriding themes that span the half century of the Foundation: gratitude and commitment. In the Foundation’s first annual report published in 1977, Foundation President Gary G. Michael said, “We wish to thank all of the people who made the past year successful through their contributions and gifts.” That sentiment continues today, and we thank all of our past and present donors for their support and commitment to the University of Idaho.