dakotadan Posted September 3, 2006 Share Posted September 3, 2006 Now I don't want any jokes about the title I picked for this thread... I was curious if anyone on here is involved with the UND Alumni Association and Foundation and can find some numbers. I have been looking online to try and find some information about UND's finances. Specifically it's yearly annual budget and any information on endowments, etc. that are sources of funding. I have looked online but have not been able to find anything specific. Maybe I am just looking in the wrong area. I did find some info on USD's website. They don't list any specific amounts but do have a link to lists of specific endowments in each department. Quote Link to comment Share on other sites More sharing options...
Hammersmith Posted September 4, 2006 Share Posted September 4, 2006 Now I don't want any jokes about the title I picked for this thread... I was curious if anyone on here is involved with the UND Alumni Association and Foundation and can find some numbers. I have been looking online to try and find some information about UND's finances. Specifically it's yearly annual budget and any information on endowments, etc. that are sources of funding. I have looked online but have not been able to find anything specific. Maybe I am just looking in the wrong area. I did find some info on USD's website. They don't list any specific amounts but do have a link to lists of specific endowments in each department. We hashed this out a week ago on bisonville. I'll give you what I found then. Source is the NDUS Annual Financial Report FY 04-05. It doesn't give a breakdown on specific endowments, but it does give total amounts held by the major players. According to this report, UND holds $8,697,873 in endowment investments(pdf pg. 73). The UND Development Foundation holds about ten times as much at $80,633,007(pdf pg. 27). This number does not take into account funds held in trust. NDUS Annual Financial Report FY 04-05 Another official source is the UND Foundation/Alumni Association's Annual Report. This report gives a little more detail about how the assets are broken up. The UND F/AA holds total investments(including lands, buildings, trusts, etc.) of $124,044,066 and total assets of $143,626,117. UND Foundation Annual Report General wisdom is that well-invested endowment should return 10%, of which 5% is reinvested(3% to counter inflation and 2% to grow the fund) and 5% is used for the endowment's purpose. Using these guidelines, UND should be generating about $4.5M in endowment payouts using the NDUS numbers. If you are looking for specific endowments and their sizes, I can't help you - sorry. I hope this gives you a little of what you are looking for. edit: specific endowments are listed towards the back of the Foundation Annual Report. Quote Link to comment Share on other sites More sharing options...
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