The Endowment

The purpose of the University of Richmond’s endowment is to support the people and programs 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, approximately 5 percent of the endowment’s underlying market value is distributed to fund operating expenses. This spending distribution comprises approximately 40 percent of the University’s annual operating budget, followed by revenue from net student tuition and fees, auxiliary enterprises, and current use philanthropic contributions.

The size of Richmond’s endowment reflects generations of generous philanthropy, as well as wise stewardship of the University’s most valuable asset.