Tag: foundationspending

2017-2018

Endowment and Foundation Spending

Questioner: Anonymous

Posed to: Ann McCullen, Vice President for Development and Alumni Engagement

Since the stock market crash of 2008, the stock market has risen more than 200%. Yet the UNF Endowment is barely up 50% from its lows, and our endowment is essentially unchanged in the last ten plus years.

1) Can you please explain this performance?
2) Can you tell us, in dollar amount, how much the Foundation spends per year in management fees and expenses for its investments?
3) The last campaign raised more money than is in the endowment. How much of the money raised in the campaign went to the endowment? How much has been spent? How much was in pledges that have not been received yet?

Archived: 

Given the timeline for relevant responses and the availability of personnel, this question was archived without response.

2016-2017, Anonymous, Answered

Faculty Committee on Foundation Investments

October 13, 2016

Questioner: Anonymous

Posed to: President John Delaney, University of North Florida

Last academic year, the Faculty Association and Faculty Affairs Committee rejected a proposal to create a committee of faculty to consult with the UNF Foundation concerning its investments. Even if the proposal to stop certain investments is rejected, does that also mean that the creation of a faculty consultative committee should be rejected as well?

Response from UNF President John Delaney: 

I suppose this question is best directed to the Faculty Association and the Faculty Affairs Committee. The faculty have wide discretion to create committees, disband committees, or to decide whether or not to create a committee.