How does an endowment strengthen the University of Manitoba?
The University Investment Trust (UIT) – The endowment is a key contributor to ensuring the university is successful in achieving its goals and objectives. Since the end of fiscal 2000, the endowment has grown from $144 million to the current value of $307 million. On top of that, there are trust and endowment funds outside of the UIT that also support various activities. Due to donor’s wishes or liquidity requirements, these funds are invested in fixed income instruments. The value of these funds is currently $35 million. The ongoing growth of the endowment fund creates a foundation that will help finance the many facets of the university on a continual basis, and more importantly, ensure that both current students and future students will be able to benefit from this support.
