Will be placed in an endowment fund where about $1.5 million a year can be used.
(12-05-2018 10:08 AM)the_blazerman Wrote: [ -> ]Will be placed in an endowment fund where about $1.5 million a year can be used.
I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?
(12-08-2018 11:29 AM)BlazrDawg Wrote: [ -> ] (12-05-2018 10:08 AM)the_blazerman Wrote: [ -> ]Will be placed in an endowment fund where about $1.5 million a year can be used.
I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?
The endowments of all the campuses are centrally managed by the System office who has hired outside fund managers to invest the money. If I did the math correctly, in 2017 they returned almost 25% on a combined $1.3b (pg 127/128:
http://uasystem.edu/assets/2018/12/Data-...2018.pdf). That $30m is just a drop in the bucket
(12-12-2018 09:13 PM)mixduptransistor Wrote: [ -> ] (12-08-2018 11:29 AM)BlazrDawg Wrote: [ -> ] (12-05-2018 10:08 AM)the_blazerman Wrote: [ -> ]Will be placed in an endowment fund where about $1.5 million a year can be used.
I wish I could reliably expect to earn 5% on my savings. Wonder where they will park that $30Mil?
The endowments of all the campuses are centrally managed by the System office who has hired outside fund managers to invest the money. If I did the math correctly, in 2017 they returned almost 25% on a combined $1.3b (pg 127/128: http://uasystem.edu/assets/2018/12/Data-...2018.pdf). That $30m is just a drop in the bucket
We won't always get 25%, but that's a nice return.