Impact on UMW
Private support in the form of endowments is vital to augment funding available from the Commonwealth of Virginia. Endowments at Mary Washington are held in perpetuity and are invested for the long term to provide financial stability.
Endowment gifts enable UMW to offer scholarships to exceptional students, award aid to those with financial need, enhance academic offerings, support museums and specialized centers, provide research opportunities, or reward teaching and scholarly achievement.
The annual spending from endowment funds will be up to 5.0% of the average ending asset market values over the last 5 years.
The 5-year moving average policy is designed to minimize the peaks and valleys of the portfolio’s performance.