FY12 Financial Overview
View Financial Statements on the Foundation Accounting site
Visit this page to view the University of Alaska Foundation Financial Statements. You will be taken to a new section of the University website.
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Endowments and Distributions
The University of Alaska Foundation takes very seriously its mission to seek, secure and steward philanthropic support to build excellence at the University of Alaska. The Board of Trustees, with expert guidance provided by its committees, and under the standards of the Alaska Uniform Prudent Management of Institutional Funds Act (UPMIFA), works to fulfill its primary objective of maintaining the long-term viability of each endowment.
In 2012, 44 new endowments were created, bringing the total number of endowed funds under Foundation management to 721, with another 716 unrestricted and restricted non-endowed funds providing support for current needs. As of June 30, 2012, the Foundation had $197.5 million in total assets and net assets were $193.8 million, increases of 2.3% and 2.0% respectively over the previous year.
The management of funds entrusted to the Foundation requires a careful balance between risk and return. The volatility of the financial markets over the past few years has made this job more challenging than ever. In fiscal year 2012, the pooled endowment fund realized a total rate of return of 0.9%. While our return was low, according to the NACUBO-Commonfund Study of Endowments, the average return of all reporting colleges and universities in the U.S. was a negative -0.3%.