March of 2021 marks one year since our lives changed due to COVID-19. As we continue to adjust to life in a pandemic, we thank you for your unwavering support and commitment. Utah Valley University (UVU) ensures the continuation of quality education because of your gifts.
You have allowed UVU students to focus on their studies with less financial stress. Many of our students would not be able to attend college without financial support. Your generosity allows students the opportunity to achieve their goals. As a result, they graduate as passionate and successful scholars with the determination to change the world.
UVU's endowment totals more than $60 million. Your donation becomes a part of something BIGGER. Enabling student success creates a brighter future for our shared world. UVU is committed to exceptional care, accountability, and results. These values will continue for generations to come as a result of your support.
Because of your help, our students do not just survive — they thrive. The UVU endowment fund contributes to 186 endowed scholarships each year and supports 42 endowed programs. Each individual who benefits from the endowment fund has a unique story and plans to make an impact in their own way. Here at the UVU Foundation, we are committed to ensuring your gift provides the greatest impact for our students.
Best,
Endowments offer support in perpetuity to UVU that will help build upon our foundation as an integrated community college and university. The investments of endowment donors provide UVU students with transformational opportunities that postively impact their educational, personal, and professional lives.
| Endowment Activity | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 |
12/31/2020 (unaudited) |
|---|---|---|---|---|---|---|
| Beginning fair market value | 44,700,966 | 44,831,130 | 50,665,935 | 54,488,623 | 55,238,966 | 60,659,858 |
| Contributions received | 2,089,507 | 2,968,035 | 2,250,146 | 1,643,880 | 6,520,694 | 2,530,138 |
| Investment earnings | 1,725,570 | 5,337,648 | 3,863,703 | 3,904,532 | 2,443,633 | 6,364,281 |
| Cash distributions | (2,824,624) | (1,536, 431) | (1,352,290) | (3,836,672) | (2,644,939) | (2,007,169) |
| Management fee | (860,288) | (934,447) | (938,871) | (961,396) | (898,497) | (734,546) |
| Ending fair market value | 44,831,130 | 50,665,935 | 54,488,623 | 55,238,966 | 60,659,858 | 66,812,562 |
The National Association of College and University Business Officers (NACUBO) aggregates endowment returns
across its member institutions and annually produces average endowment returns from
the information collected on a 1-,3-,5-, and 10- year basis. This allows Utah Valley
University (UVU) to compare its endowment returns to returns of similarly sized university
endowments. NACUBO recently released these metrics for fiscal year June 30, 2020.
These metrics are now reflected in the “Fund Performance” chart relative to UVU’s
performance over the same time periods.
The long-term investment fund maintains a balanced approach to investing through diversification across global equity and fixed income markets, as well as investments in private companies, real estate, and other alternative investments.
In the fiscal year 2020, $2.6 million was distributed to support UVU's mission of student success.
$66,812,562Endowment value |
186Endowed scholarships |
|
42 Endowed programs |
4 Endowed graduate scholarships |
|
6 Endowed faculty and staff support |
182 Endowed undergraduate scholarships |
For more information about this report or your financial information, contact:
Jefferson Moss
COO, UVU Foundation
Associate Vice President, UVU Institutional Advancement
801.863.8015
jefferson.moss@uvu.edu
For information about giving to Utah Valley University, contact:
Aaron Price
CFO, UVU Foundation
Director of Divisional Accounting, UVU Institutional Advancement
801.863.8094
aaron.price@uvu.edu
