UF endowment sees 'healthy' return for fiscal year

August 4, 2005

Paul A. Robell, the University of Florida's vice president for development and alumni affairs, reported this week that the endowment returned a healthy 9.5 percent (net of investment management fees) for the fiscal year ending June 30, 2005.

"As you know, we are operating under a 'recovery' plan for endowment spending which ensures that the investment value of each endowment fund must be within 80 to 90 percent of the market value," he stated in a memo to deans, directors and department chairs.

The majority of the positive market returns were earned in the first six months of the fiscal year and were reflected in the performance adjustments to investment values made as of Jan. l, 2005, he stated.

Each fund has now received a 1.57 percent CPI increase (which is an additional component of the endowment spending policy). Then each fund's investment value has been readjusted, if necessary, to within 80 - 90 percent of market value.

These adjustments are now posted as of June 30, 2005, and are available on FAS. Anyone with questions about a particular fund should feel free to contact Randy Settle, Acting Controller at 392-5863 or rsettle@uff.ufl.edu .