What is the endowment?
The University of Miami endowment is the investment account of the university, created to ensure long-term financing and growth. The investment account is managed by a subcommittee of the Finance, Audit and Management Committee of the Board of Trustees. To account for inflation and ensure that the funds invested will remain in perpetuity, only a portion of the earnings on the investment portfolios can be spent each year. A sizeable endowment ensures that the University of Miami can continue to fund scholarships, faculty positions, programs and other continuing needs.
At Texas Christian University the endowment refers to the long-term investment assets of the University. These assets are invested in perpetuity, and only the income from the investments can be spent each year. Funds enter the endowment from two primary sources: gifts from donors and additions to long-term savings that are set aside by the Board of Trustees. Over the years, hundreds of donors have contributed to the endowment, creating endowment funds that support scholarships, professorships and other University programs. Each year, TCU Trustees commit additional funds for long-term investment to secure the future of the institution.
