What is the U of M endowment?
An endowment is a long-term investment
in the University of Minnesota that provides
benefits to students, faculty or programs
year after year, generation after generation.
For endowed funds, the donor stipulates
that the principal must be invested and
that all or a portion of the income be
expended to carry out the donor's purpose.
To guard against the eroding consequences
of inflation, the remaining portion of
investment return is then added to the
principal. The goal is to ensure that
the principal maintains its purchasing
power over time to support future generations.
|
