The Endowment

The University of Richmond's endowment is a portfolio of financial assets that are invested to increase in value over the long term. About 5 percent of its annual value is contributed to the operating budget, and the rest remains invested to assure its long-term health and growth. 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").

The size of Richmond’s endowment reflects generations of generous philanthropy and wise stewardship of it as an asset serving the University in perpetuity.