'Canes in the Community

Promoting Student Safety

Approximately 300 students walked and rolled to school along with parents, teachers, and community leaders. In the U.S., International Walk to School Day…

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This area is responsible for administration of the University's investments and its endowment and annuity funds. It is also responsible for the administration of the University's Growth Pool.

There are three types of endowment funds: permanent, term and quasi. Permanent and term endowments must be donor-initiated. Quasi endowments can only be initiated by the University, not by donors. For definitions and further details, see Endowment Funds (E005) and the Types of Endowment Funds chart


Annuity funds encompass both charitable gift annuities and charitable remainder trusts.For further details, see Annuity and Life Income Funds (E015)

The bulk of the University's long-term funds, except for bond sinking funds, charitable remainder trusts and some unexpended plant funds, are invested in the University's Growth Pool. The Growth Pool is a balanced portfolio comprised of equities, bonds, and cash equivalents, with asset allocation as provided by the University's  Growth Pool Statement of Investment Policy adopted by the Board of Trustees. Investing for the Growth Pool is done by outside investment managers and also through mutual funds and partnerships. It is University policy to invest all endowment funds and charitable gift annuities in the Growth Pool.

Investment of the University's bond sinking funds is the responsibility of the bond trustee, Bank of New York. Mellon Private Capital Management is the administrator of the University's charitable remainder trusts, including the investment of these funds.

For more information, please see Frequently Asked Questions (FAQs).