KU Endowment provides record $115.1 million to KU

October 21, 2010

KU Endowment provided a record $115.1 million in philanthropic support to the University of Kansas in fiscal year 2010, a 9.2 percent increase over the previous fiscal year.

“It is a privilege to be able to provide record-setting support for KU,” said Dale Seuferling, president of KU Endowment. “The real effect of this support is the impact it has on people’s lives, particularly KU’s students and faculty. This is possible thanks to our donors, who understand that an investment in KU is an investment in the future of all the communities served by this great university.”

The $115.1 million represents the amount of direct financial support provided by KU Endowment to the university’s four campuses and KU Hospital. The support benefits programs, research, students, faculty and facilities.

The market value of endowed funds increased by 13.8 percent, ending the fiscal year at $1.05 billion. KU Endowment invests its endowed funds in a diversified portfolio. The long-term investment pool is made up of more than 3,200 individual endowed funds established by donors.

The market value of KU Endowment’s total assets reached $1.48 billion in fiscal year 2010, which ended June 30. In addition to endowed funds, this figure includes real estate properties and other special holdings.

KU Endowment is the official fundraising and fund-management foundation for KU. Founded in 1891, KU Endowment was the first foundation of its kind at a U.S. public university.

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October 21, 2010