New investments through the Victors for Michigan fundraising campaign and a strong rate of return on investments pushed the market value of the University of Michigan endowment to $10.9 billion at the end of the 2017 fiscal year. A year ago, the endowment was valued at $9.7 billion.
The University of Michigan's long-term investment strategy continues to provide a steady stream of endowment funding, with fiscal year 2016 distributions to the general fund exceeding $300 million for the first time. The total value of the endowment stood at $9.7 billion at the close of the fiscal year, June 30.
The University of Michigan's long-term investment strategy continues to provide the university with a steady stream of endowment funding, with fiscal year 2015 distributions increasing to $294.5 million as the total value of the endowment rose to $10 billion.
In the 15 years since the Board of Regents established an Investment Office to manage the university endowment, the total endowment has nearly quadrupled to $9.7 billion and distributions in support of campus operations have topped $3 billion.
The University of Michigan endowment grew to its highest point ever — $8.4 billion for the fiscal year ended June 30. The U-M endowment is ranked as the second-largest endowment in the nation among public universities and the seventh-largest among all U.S. universities.
School of Information dean Jeffrey MacKie-Mason and his wife, Janet Netz, have committed to a gift of $2.5 million to the school. The gift is among the largest made by a dean at the University of Michigan to his or her school or college.