Courant reports endowment is now nearly $375 million.

[Palatine]

UConn Foundation Reports Strong Fundraising In 2015-16

Last year the university said in the 2015 UConn Foundation Endowment Report it was at $383 million.

Google "UConn Endowment" and the number $436.9 million pops up.

Any idea why this is so hard to pin down and what the real number is?

 

[huskymedic]

UConn Foundation Reports Strong Fundraising In 2015-16

Last year the university said in the 2015 UConn Foundation Endowment Report it was at $383 million.

Google "UConn Endowment" and the number $436.9 million pops up.

Any idea why this is so hard to pin down and what the real number is?

Market fluctuation? No clue what % of the endowment may be donated stocks/securities?

 

[WestHartHusk]

Market fluctuation? No clue what % of the endowment may be donated stocks/securities?

I was curious about this once too. If you look at the 2015 financial statement you will see that the total net assets valued at $436.9 million (page 5), which is what you see in Google. This number includes all sorts of assets beyond those just in investments (endowment operations, funds held in trust by others, endowments held for the university, etc.). The amount purely invested by the foundation was $347m last year.

As far as 383m last year, that looks to me to be the invested endowment + pledges receivable. In other words, there are a ton of ways to slice this up and report the endowment value. If I'm being generous, I probably just look at assets net of liabilities because I have no doubt that other universities report in the same manner.

 

[Drew]

@J187Money might also have some insight into how this works

 

[J187Money]

The FY15 UConn Foundation Annual Report | UConn Foundation

Page 13 shows the breakdown of the endowment as of March 2015 ($383M).

Odd that they are using March as the measurement date when June 30 is the financial statement date but that may account for the disconnect.

 

[Drew]

 

[Palatine]

That article says "Also, $21 million was designated for the university's endowment, which now stands at nearly $375 million."

It's not consistent with the foundation document they sent last year.