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.
This year the Foundation provided a total of $22.6 million to the University of Idaho during the fiscal year ending June 30, 2019. The funds support scholarships, college programs, athletics, building projects and University initiatives. Of that total, $11.3 million came from current gifts and an additional $11.3 from the endowment pool.
Because of you and generations of previous donors who have supported endowment funds, our endowment has grown to over $290 million. The foresight to develop our endowment is a point of pride and the distinguishing factor that firmly establishes the University of Idaho Foundation as the largest public foundation in the state.
This year we are celebrating the 60th anniversary of the establishment of the Consolidated Investment Trust (CIT), the vehicle we use to pool the endowment funds for investment purposes. While pooling endowment funds for investment is the norm today, back in 1959 it was a very progressive step to take. The rules and conventions, established under the leadership of H. Eugene Slade, still govern today. The initial 25 endowments valued at $441,460 have now grown to 1,578 endowments with a market value of $290,832,955. The Foundation Board of Directors oversees this pool of funds providing permanent support for our great university.