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Report shows solid numbers for UF endowment fund

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Posted: Thursday, January 29, 2009 12:00 am

A national report released Tuesday shows that UF's endowment has fared much better than those of other colleges and universities.

While endowments at the 796 institutions surveyed lost an average of 3 percent from July 1, 2007 to June 30, UF's endowment grew by 2.6 percent, according to the report from the National Association of College and University Business Officers.

UF was one of 77 institutions with an endowment larger than $1 billion.

At the end of the survey period, UF's endowment was $1.25 billion.

A follow-up survey, which examined the period from July 1 to Nov. 30 when the economy slumped, showed that endowments fell an average of 22 percent.

UF's endowment shrunk almost 20 percent to about $1 billion in the same period, according to numbers provided by UF Foundation spokesman Chris Brazda.

In December, though, the fund recouped about $5 million.

Since 2002, UF has climbed from No. 76 to No. 60 on the list of institutions in the report.

Brazda said UF is happy with this year's numbers and credits UF's success over the years with its long-term investment strategy.

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