{"id":446,"date":"2025-02-21T12:54:10","date_gmt":"2025-02-21T17:54:10","guid":{"rendered":"https:\/\/www.rochester.edu\/endowment\/?page_id=446"},"modified":"2025-03-04T11:28:00","modified_gmt":"2025-03-04T16:28:00","slug":"qa","status":"publish","type":"page","link":"https:\/\/www.rochester.edu\/endowment\/qa\/","title":{"rendered":"Endowment Q&A"},"content":{"rendered":"

Why are endowments so important to private universities like Rochester?<\/h2>\n

The endowment is a perpetual asset of the University\u2014just as its buildings and land are assets\u2014that provides the ability to offer an extraordinary education to our students. Every alumnus of the University received support from the endowment during his or her time as a student, even if he or she did not receive financial aid. The endowment thus represents the legacy to the present\u2014a result of the past generosity of the University\u2019s supporters.<\/p>\n

As a private institution, Rochester is sustained by its own independent sources of funding rather than relying on the support of taxpayers, as is the case with public universities.<\/p>\n

Financially speaking, what exactly does the endowment do for Rochester?<\/h2>\n

The endowment is a source of income, with the specific purposes of that income decided by donors. Donors frequently specify a particular purpose for gifts, creating endowments to fund professorships, teaching, research, lectureships, scholarships, fellowships, prizes, maintenance or general educational support.<\/p>\n

Although distinct in purpose or restriction, endowment funds are commingled in an investment pool and tracked with unit accounting much like a large mutual fund.<\/p>\n

Why do you need more money from me when Rochester already has an endowment of over $2 billion?<\/h2>\n

The support provided by endowments of universities like Harvard, Yale or the University of Texas, which are valued in the tens of billions of dollars, is very substantially above that provided by Rochester\u2019s endowment. While Rochester is fortunate to be among endowments valued above $1 billion, continued growth in endowment through gifts is essential to continuing the high quality of a Rochester education, which is among the best offered by our nation\u2019s leading universities.<\/p>\n

Couldn\u2019t some part of the endowment be used for pressing needs or opportunities?<\/h2>\n

An endowment fund must maintain equity across generations. Its value cannot, by law, be disproportionately expended on current needs. In order to assure generational equity is managed properly, Rochester\u2019s Board of Trustees establishes and oversees an endowment spending formula that balances today\u2019s needs against future need.<\/p>\n

Who invests Rochester\u2019s endowment?<\/h2>\n

Rochester\u2019s endowment is managed by external investment advisors overseen by the Investment Office<\/a> and the Board of Trustees Investment Committee<\/a>.<\/p>\n

How have Rochester\u2019s endowment investments performed?<\/h2>\n

Performance<\/a> is strong relative to relevant benchmarks, peer endowment and on an absolute basis as shown on this website.<\/p>\n","protected":false},"excerpt":{"rendered":"

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