Key Takeaways
- • Ithaca College's endowment portfolio had a market value of $437.1 million at the close of fiscal year June 30, 2025.
- • The endowment's pooled investments delivered net investment returns of $44.1 million (11.4%) for the fiscal year.
- • Donors contributed $5.7 million in gifts to the endowment during the fiscal year.
- • The college distributed $16.1 million for operations, based on an effective spending rate of 4.5% of the average quarterly fair value of the pooled portfolio.
- • An Outsourced Chief Investment Officer (OCIO) manages the pooled assets under oversight of the Finance and Investment Committee of the Board of Trustees.
Summary
Ithaca College reported that its endowment portfolio had a market value of $437.1 million at the close of the fiscal year ending June 30, 2025, according to the college's endowment disclosure. The endowment serves as a necessary source of cash for operational needs and provides financial aid that helps students enroll and matriculate.
During the fiscal year, the endowment's pooled investments generated net investment returns of $44.1 million, equal to 11.4%. The college also received gifts to the endowment totaling $5.7 million over the same period.
The Finance and Investment Committee of the Ithaca College Board of Trustees oversees the endowment and has retained an Outsourced Chief Investment Officer (OCIO) to manage the pooled assets. The Committee, the OCIO, and the Senior Vice President for Finance and Administration and Chief Financial Officer continuously monitor the portfolio.
The Board of Trustees approves the annual spending rate a year in advance. For the fiscal year ending June 30, 2025, the effective spending rate was 4.5% of the average quarterly fair value of the pooled portfolio, resulting in $16.1 million distributed for operations.
The college credited alumni, donors, and friends with maintaining the endowment's health and its support for operations and student experiences.
During the fiscal year, the endowment's pooled investments generated net investment returns of $44.1 million, equal to 11.4%. The college also received gifts to the endowment totaling $5.7 million over the same period.
The Finance and Investment Committee of the Ithaca College Board of Trustees oversees the endowment and has retained an Outsourced Chief Investment Officer (OCIO) to manage the pooled assets. The Committee, the OCIO, and the Senior Vice President for Finance and Administration and Chief Financial Officer continuously monitor the portfolio.
The Board of Trustees approves the annual spending rate a year in advance. For the fiscal year ending June 30, 2025, the effective spending rate was 4.5% of the average quarterly fair value of the pooled portfolio, resulting in $16.1 million distributed for operations.
The college credited alumni, donors, and friends with maintaining the endowment's health and its support for operations and student experiences.
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