Page 16 - Endowment Report 2022 | University of Rochester

Financial Update

Thank you for your

support of the University.

The University of Rochester’s endowment funds, now numbering more than
2,850 with a value of over $2.7 billion, perpetuate a key source of revenue for the
University. Each year, over $100 million is expended from the endowment for faculty
salaries, student scholarships, and programs.

The Investment Committee and the University’s Board of Trustees take a long-range
view of the University’s endowment. They support both the current and future
generations of our faculty and students. The endowment’s investment portfolio and
prudent spending policy serve to balance the present with the future.

Endowment funds are pooled together for investment purposes and are managed
in a highly diversified portfolio featuring many of the world’s most well-regarded
investment firms.

Investment performance, combined with giving by generous donors, helps to ensure
the continued financial viability of the University. On behalf of our students and
faculty, we thank you for your support.

NAVEEN NATARAJ ’97 DOUGLAS W. PHILLIPS
Chair, Investment Committee Senior Vice President and
Board of Trustees Chief Investment Officer

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