| Date: | February 10, 2010 |
| From: | Gail Craig-Jager, Assistant Comptroller Peter Homstad, Director of Investments |
| Subject: | UA Endowment Funds Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2011.
For fiscal year 2010-11, the payout rate will remain at 4.00%. The payout rate for endowments in the Growth/Income Pool will be applied to the 36 month average market value of the Growth/Income Pool for the period ended December 31, 2009. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.68128 per share distributed monthly. Due to a general market downturn associated with global economic turbulence in 2008 through the first quarter of 2009 and lower earnings for the GI Pool, the payout per share for fiscal year 2010-11 will decrease in comparison to the amount paid out during fiscal year 2009-10.
If funds are added to or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares bought or sold. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions to or deductions from the endowment after December 31, 2009.
For separately held permanent endowments, the payout will be 4.00% of the December 31, 2009 market value. The payout for separately held quasi endowments will be actual earnings. For separately held endowment funds invested in overnight funds (cash), the payout will be actual earnings. All payouts are net of administrative fees. For fiscal year 2010-2011 the administrative fee on SepHeld endowments will remain at 1.25%.
Endowment funds are invested for the long term. As is the case with any investment portfolio, normal market cycles will dictate short term fluctuations in the market value of your endowment. The University manages general market volatility by maintaining a diversified portfolio, which includes stocks, bonds, real estate, commodities and other investments. If you have questions concerning investments, please contact Peter Homstad, Director of Investments, at 621-7780, e-mail at homstadp@arizona.edu
If you have questions concerning this report or your endowments, please contact Mario Calderon at 626-3895; e-mail at calderonm@arizona.edu or Marlene Moldenhauer at 626-4804; e-mail at moldenhauerm@arizona.edu
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| Date: | October 1, 2009 |
| From: | Mark McGurk, Comptroller Pete Homstad, Director of Investments |
| Subject: | UA Endowment Funds Donor Reports, June 30 2009 |
The Financial Services Office, Endowments section has produced donor reports for 664 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for the fiscal year ended June 30, 2009 (FY09).
Due to the large volume of individual donor reports, the endowment report for your department/college is available via the Information Services Web (ISW). The title of the electronic report is DONORRPTS - Donor Reports, and can be found under the Report Folder, UA Endowments Market Value Rpt.
In addition to providing information to the departments, these reports are intended to aid development officers in soliciting additional funds, and in providing information to donors. The payout rate for endowment accounts for FY09 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus. Funds are distributed monthly to endowment expendable accounts.
If you have questions regarding the investment of your endowments, please contact Pete Homstad at 621-9207; e-mail at homstadp@arizona.edu. For questions regarding endowment reports, please contact Mario Calderon at 626-3895; email at calderonm@arizona.edu
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| Date: | February 6, 2009 |
| From: | Mark McGurk, Comptroller Patrick O'Connor, Chief Investment Officer |
| Subject: | UA Endowment Funds Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2010.
For fiscal year 2009-10, the payout rate will remain at 4.00%. The payout rate for endowments in the Growth/Income Pool will be applied to the 36 month average market value of the Growth/Income Pool for the period ended December 31, 2008. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.73610 per share distributed monthly. This is a slight increase over the monthly per-share payout for fiscal year 2008-09.
If funds are added to or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares bought or sold. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions to or deductions from the endowment after December 31, 2008.
For separately held permanent endowments, the payout will be 4.00% of the December 31, 2008 market value. The payout for separately held quasi endowments will be actual earnings. For separately held endowment funds invested in overnight funds (cash), the payout will be actual earnings. All payouts are net of administrative fees. For fiscal year 2009-2010 the administrative fee on SepHeld endowments will remain at 1.25%.
Endowment funds are invested for the long term. As is the case with any investment portfolio, normal market cycles will dictate short term fluctuations in the market value of your endowment. The University manages stock market volatility by maintaining a diversified portfolio, which includes stocks, bonds, real estate, commodities and other investments. If you have questions concerning investments, please contact Patrick O'Connor, Chief Investment Officer, at 621-7780, e-mail at oconnorp@arizona.edu
If you have questions concerning this report or your endowments, please contact Marilyn Overpeck at 626-3895; e-mail at overpeckm@arizona.edu or Marlene Moldenhauer at 626-4804; e-mail at moldenhauerm@arizona.edu
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| Date: | October 15, 2008 |
| From: | Mark McGurk, Comptroller Patrick O'Connor, Chief Investment Officer |
| Subject: | UA Endowment Funds Donor Reports, June 30 2008 |
The Financial Services Office, Endowments section has produced donor reports for 658 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for the fiscal year ended June 30, 2008 (FY08).
Due to the large volume of individual donor reports, the endowment report for your department/college is available via the Information Services Web (ISW). The title of the electronic report is DONORRPTS - Donor Reports, and can be found under the Report Folder, UA Endowments Market Value Rpt.
In addition to providing information to the departments, these reports are intended to aid development officers in soliciting additional funds, and in providing information to donors. The payout rate for endowment accounts for FY08 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus. Funds are distributed monthly to endowment expendable accounts.
If you have questions regarding the investment of your endowments, please contact Patrick O’Connor at 621-9207; e-mail at oconnorp@arizona.edu. For questions regarding endowment reports, please contact Marilyn Overpeck at 626-3895; email at overpeckm@arizona.edu
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| Date: | March 12, 2008 |
| From: | Mike Treiber, Assistant Comptroller Patrick O'Connor, Investment Manager |
| Subject: | UA Endowment Funds Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2009.
For fiscal year 2008-09, the payout rate will remain at 4.00%. The payout rate for endowments in the Growth/Income Pool will be applied to the 36 month average market value of the Growth/Income Pool for the period ended December 31, 2007. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.73469 per share distributed monthly. This is a 6.6% increase over the monthly per-share payout for fiscal year 2007-08.
If funds are added to or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares sold or bought. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions to or deductions from the endowment.
For separately held permanent endowments, the payout will be 4.00% of the December 31, 2007 market value. The payout for separately held quasi endowments will be actual earnings. For separately held endowment funds invested in overnight funds (cash), the payout will be actual earnings. All payouts are net of administrative fees. For fiscal year 2008-2009 the administrative fee on SepHeld endowments will remain at 1.25%.
Endowment funds are invested for the long term. As is the case with any investment portfolio, normal market cycles will dictate short term fluctuations in the market value of your endowment. The University manages stock market volatility by maintaining a diversified portfolio, which includes stocks, bonds, real estate, commodities and other investments. If you have questions concerning investments, please contact Patrick O'Connor, Investment Manager, at 621-7780, e-mail at oconnorp@arizona.edu.
If you have questions concerning this report or your endowments, please contact Mike Treiber at 621-8040; e-mail at treiberm@arizona.edu, Marlene Moldenhauer at 626-4804; e-mail at moldenhauerm@arizona.edu, or Marilyn Overpeck at 626-3895; e-mail at overpeckm@arizona.edu
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| Date: | December 2007 |
| From: | Mike Treiber, Assistant Comptroller Patrick O'Connor, Investment Manager |
| Subject: | UA Endowment Funds Donor Reports, June 30 2007 |
The Financial Services Office, Endowments section has produced donor reports for 656 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for the fiscal year ended June 30, 2007 (FY07). The endowment report for your department/college is available on the FSO Information Services Web (ISW).
In addition to providing information to the departments, these reports are intended to aid development officers in soliciting additional funds, and in providing information to donors. The payout rate for endowment accounts for FY07 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus. Funds are distributed monthly to endowment expendable accounts.
The endowment returns for the 1, 3 and 5 year periods are net of all internal and external management fees and are as follows:
FY07 – 15.86%
3 year – 11.96%
5 year – 10.19%
For FY07, the endowment exceeded our benchmark (targeted rate) for the year. Due to the large volume of individual donor reports, they are available via the Information Services Web (ISW). The title of the electronic report is DONORRPTS - Donor Reports, and can be found under the Report Folder, UA Endowments Market Value Rpt.
If you have questions regarding the investment of your endowments, please contact Patrick O’Connor at 621-9207; e-mail at oconnorp@arizona.edu. For questions regarding endowment reports, please contact Marilyn Overpeck at 626-3895; email at overpeckm@arizona.edu
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| Date: | April 2007 |
| From: | Mike Treiber, Assistant Comptroller Patrick O'Connor, Investment Manager |
| Subject: | UA Endowment Funds Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2008.
For fiscal year 2007-08, the payout rate will remain at 4.00%. The payout rate for endowments in the Growth/Income Pool will be applied to the 36 month average market value of the Growth/Income Pool for the period ended December 31, 2006. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.68938 per share distributed monthly. This is a 7.5% increase over the monthly per-share payout for fiscal year 2006-07.
If funds are added to or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares sold or bought. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions to or deductions from the endowment.
For separately held permanent endowments, the payout will be 4.00% of the December 31, 2006 market value. The payout for separately held quasi endowments will be actual earnings. For separately held endowment funds invested in overnight funds (cash), the payout will be actual earnings. All payouts are net of administrative fees. For fiscal year 2007-2008 the administrative fee on SepHeld endowments will increase to 1.25%.
Endowment funds are invested for the long term. As is the case with any investment portfolio, normal market cycles will dictate short term fluctuations in the market value of your endowment. The University manages stock market volatility by maintaining a diversified portfolio, which includes stocks, bonds, real estate, commodities and other investments. If you have questions concerning investments, please contact Patrick O'Connor, Investment Manager, at 621-7780, e-mail at oconnorp@arizona.edu.
If you have questions concerning this report or your endowments, please contact Mike Treiber at 621-8040; e-mail at :treiberm@arizona.edu, Marlene Moldenhauer at 626-7745; e-mail at moldenhauerm@arizona.edu, or Marilyn Overpeck at 626-3895; e-mail at overpeckm@arizona.edu
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| Date: | September 2006 |
| From: | Mike Treiber, Assistant Comptroller Patrick O'Connor, Investment Manager |
| Subject: | UA Endowment Funds Donor Reports |
For the ninth consecutive year, the Financial Services Office, Endowments section has produced donor reports for 642 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for FY06. The semi-annual report on endowments for your department/college is available on the FSO Information Services Web.
The report includes an estimate of the endowment payout for FY07. In addition to providing information to the departments, these reports are intended to aid development officers in soliciting additional funds, and in providing information to donors.
The payout rate for endowment accounts for FY06 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus.
Funds are distributed monthly to endowment expendable accounts.
For FY06, the Growth Income Pool experienced a 9.82% return before administrative costs and payouts, slightly exceeding our benchmark (targeted rate) for the year. Domestic equities in the pool were up over 9.50% during the fiscal year while international equities were up 29.7%. Fixed income returns were relatively flat for the year.
Due to the large volume of individual donor reports, they are available via the Information Services Web. The title of the electronic report is DONORRPTS - Donor Reports, and can be found under the Report Folder, UA Endowments Market Value Rpt.
If you have questions concerning this report or your endowments, please contact Marlene Moldenhauer at 626-3895; e-mail at moldenhauerm@arizona.edu.
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| Date: | February 10, 2006 |
| From: | Mike Treiber, Assistant Comptroller |
| Subject: | UA Endowment Funds Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2007.
The payout rate for fiscal year 2006-07 will continue to be 4.00%, as determined by the Investment Committee at their January meeting. The payout rate for endowments in the Growth/Income Pool will be applied to the average market value of the Growth/Income Pool over 36 months ending December 31, 2005. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.64160 per share monthly. This amount is 4% greater than the payout amount per share for fiscal year 2005-06.
If funds are added or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares sold or bought. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions or deductions to the endowment.
For separately held endowment funds invested in overnight funds, the payout will be actual earnings, net of the administrative fee. For separately held permanent endowments, the payout will be 4.00% of the December 31, 2005 market value. The payout for separately held quasi endowments will be actual earnings, minus the administrative fee.
Endowment funds are invested for the long term. In the short term you may notice a decrease in the market value of your endowment. This is normal as the stock and bond markets can be very volatile in the short term. This is not a problem as long as the funds are invested for the long term. If you have questions concerning investments, please contact Mark McGurk, UA Comptroller, at 626-1677; e-mail at mcgurkm@arizona.edu.
If you have questions concerning this report or your endowments, please contact Mike Treiber at 621-8040; e-mail at treiberm@arizona.edu, or Pavel Jandura at 626-7745; e-mail at jandurap@arizona.edu.
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| Date: | September 2005 |
| From: | Mike Treiber, Assistant Comptroller Don Krysynski, Investment Manager |
| Subject: | UA Endowment Funds Donor Reports |
For the eighth consecutive year, the Financial Services Office, Endowments section has produced donor reports for 654 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for FY05. In addition to providing information to the departments, these reports are intended to aid development officers in soliciting additional funds, and in providing information to donors.
The payout rate for endowment accounts for FY05 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus.
Funds are distributed monthly to endowment expendable accounts.
For FY05, the Growth Income Pool experienced a 9.6% return before administrative costs and payouts, slightly exceeding our benchmark (targeted rate) for the year. Equities in the pool were up over 14% during the fiscal year, while bond returns were a positive 5.2%.
Due to the large volume of individual donor reports, they are available via the FSO Information Services Web. The title of the electronic report is DONORRPTS - Donor Reports.
If you have questions concerning this report or your endowments, please contact Marlene Moldenhauer at 626-3895; e-mail at moldenhauerm@arizona.edu.
| Date: | February 11, 2005 |
| From: | Mike Treiber, Assistant Comptroller Don Krysynski, Investment Manager |
| Subject: | UA Endowment Market Value Reports |
The semi-annual report on endowments for your department/college is available on the FSO Information Services Web. The report includes an estimate of the endowment payout for FY2006.
The payout rate for fiscal year 2005-06 will continue to be 4.00%, as determined by the Investment Committee at their January meeting. The payout rate for endowments in the Growth/Income Pool will be applied to the average market value of the Growth/Income Pool over 36 months ending December 31, 2004. For endowments invested in the Growth Income Pool, the effective payout will be 3.62 % of the December 31, 2004 market value. This payout rate will be converted to an amount per share in the Growth/Income Pool and will be $.61694 per share monthly. This amount is 9.5% less than the current payout rate because the average market value for the 36 months ending December 31, 2004 is lower than the ending market value at December 31, 2004.
If funds are added or deducted from the corpus of the endowment, the actual amount distributed will change according to the number of shares sold or bought. The estimated payout shown on the report for endowments invested in the Growth/Income Pool assumes no additions or deductions to the endowment.
For separately held endowment funds invested in overnight funds, the payout will be actual earnings, net of the administrative fee. For separately held permanent endowments, the payout will be 4.00% of the December 31, 2004 market value. The payout for separately held quasi endowments will be actual earnings, minus the administrative fee.
Endowment funds are invested for the long term. In the short term you may notice a decrease in the market value of your endowment. This is normal as the stock and bond markets can be very volatile in the short term. This is not a problem as long as the funds are invested for the long term. If you have questions concerning investments, please contact Don Krysynski, UA Investment Manager, at 621-1090, e-mail at krysynskid@arizona.edu.
If you have questions concerning this report or your endowments, please contact Marlene Moldenhauer at 626-3895; e-mail at moldenhauerm@arizona.edu.
| Date: | August 18, 2004 |
| From: | Mark McGurk, Comptroller Mike Parisi, Investment Officer |
| Subject: | UA Endowment Donor Reports |
This is the seventh year the Endowment section of Financial Services has produced donor reports for 640 endowments at the University of Arizona. The reports provide a summary of the financial activities of the endowment account and corresponding expendable account for FY04. In addition to providing information to the departments, it is hoped these reports will be helpful to development officers by aiding them in soliciting additional funds, and in providing information to donors.
The payout rate for endowment accounts for FY04 was 4% based on a three-year average market value, with adjustments made for additions and deductions from the endowment corpus.
Funds are distributed monthly to endowment expendable accounts.
Participating in the rebound in the equity markets, the Growth Income Pool experienced an excellent return of 15.8% before administrative costs and payouts in FY04. Equities in the pool were up over 23% during the fiscal year, while bond returns were slightly negative. This performance is the highest since FY98 and a marked improvement over the 2.9% return of FY03.
Due to the large volume of individual donor reports, they are now available via the Information Services Web. The title of the electronic report is DONORRPTS - Donor Reports, and can be found under the Report Folder UA Endowments Market Value Rpt.
Please follow these steps to retrieve your donor reports:
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