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University of Wyoming

Endowments

An endowment is a gift held in perpetuity and invested by the Foundation. The principal remains intact while a percentage of the earned income is used to support the program(s) designated by the donors. Not only do endowments contribute a reliable source of income to the University, a major personal benefit to the donor(s) is the satisfaction that the original gift is never depleted, but will always exist to support the program(s) of choice. Additionally, endowments afford wonderful opportunities for Named Gifts in honor of a loved one, friend, favorite professor, or other special person or interest.

Each individual endowment maintains a separate identity and owns units in an endowment pool. From the pool of endowment funds, the Foundation provides 4.75 percent of a three-year fair market value average for expenditure. Management fees are taken from earnings above the 4.75 percent, and any remaining gains (losses) in value are attributed back to unit values. Every year the Foundation makes available to the University millions of dollars for expenditures such as student assistance, faculty support, library acquisitions, academic program support, and building/equipment purchases and maintenance. During fiscal year 2006, $12.03 million from endowment income and expendable gifts was distributed to benefit the university. For additional information on endowments, please contact Mary Ann Garman, Treasurer/CFO.

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