The Endowment

The purpose of the University of Richmond’s endowment is to support the people, programs, and activities of the University in perpetuity. The endowment is a portfolio of financial assets that are invested to increase in value over the long term. Each year, about five percent of the endowment’s value is contributed to the University’s operating budget, while the rest remains invested to ensure the University’s long-term health and growth. The endowment provides significant annual income to support University operations, thus reducing Richmond's dependence on tuition, fees, and other revenue.

The size of Richmond’s endowment reflects generations of generous philanthropy, as well as wise stewardship of the University’s most valuable asset. The endowment’s principle is derived from (i) gifts restricted by donors to the endowment, (ii) gifts that donors did not restrict to the endowment but which the Trustees have chosen to place there, and (iii) transfers from annual operating funds.