What happens to all those gifts?
Nearly all of the gifts the University receives
are designated by individual donors to a particular college
or program or for a specific purpose.
If gifts are designated for an endowment fund, the money is
invested and only a portion (4.5 percent) of the endowment
fund is paid out annually for program support. The result
is that the endowment can continue to grow over time, extending
the value of giving for years to come.
In 2008, $97 million was disbursed from the University of
Minnesota Foundation to the University. |
