Endowment

The University of Richmond's endowment is ranked 41st overall among 774 college and university endowments in the United States by the National Association of College and University Business Officers (NACUBO). 2009 Endowment Study results will be released in early 2010.

The endowment was valued at approximately $1.4 billion as of June 30, 2009, a decline of 16% from June 30, 2008. Though disappointing, we have weathered 2009's market decline well compared to many of our peers. The endowment provides significant annual income that supports the University's operations, thereby reducing Richmond's dependence on tuition, fees and other revenue. It is derived from gifts wherein the donors restricted their gifts to the endowment ("permanently restricted funds"), gifts wherein the donors did not restrict the gifts to the endowment but the Trustees chose to place them there ("unrestricted funds"), and transfers from annual operating funds ("unrestricted funds").

To learn more, find out how you can leave a legacy by creating an endowment, and find answers to frequently asked questions about the endowment.