The college's Trustee Committee on Investments provides fiduciary oversight for the endowment investment management. The committee-approved investment policy statement, which includes the spending policy, serves as a guideline for the endowment investment program.

The purpose of the endowment is to support the students. Our goal is to have returns sufficient enough to achieve intergenerational equity. The following Board approved policy helps support this goal:

• Endowment Investment Policy - sets the asset allocation, details the spend policy, and lays out the portfolio specification.
• Spending Policy - allows spending of approximately 5% of the Endowment each year. The change from year to year is capped at 5% up and 1% down.

Interactive Endowment Graphs

June 30, 2021 Market Value & Asset Allocation

Asset Allocation	Policy Allocation		Market	Actual
	Target	Range	Value	Allocation
Fixed Income	5%	5 - 15%	$56,593,863	6%
Absolute Return	15%	5 - 15%	$89,467,774	10%
Hedged Equities	10%	10 - 20%	$169,233,967	19%
Global Equities	35%	15 - 35%	$367,414,309	40%
Cash	10%	5 - 20%	$44,215,550	5%
Private Debt	8%	5 - 10%	$52,115,202	6%
Private Equity	13%	5 - 15%	$129,321,705	14%
Private Equity Real Estate	5%	5 - 15%	$1,990,236	0%
			$910,352,606
Beneficial Interests in Perpetual Trusts			$43,369,139
Total Endowment & Perpetual Trust Mkt Value			$953,721,745