Investment Management

Syracuse University’s Endowment

The University’s endowment includes two primary investment pools, Long Term Investment Fund (LTIF) and Long Term Operating Fund (LTOF).

LTIF is managed with attention to the preservation of the fund’s real value and the protection of its purchasing power.  LTIF is comprised of approximately 2100 individual endowments.

LTOF is managed with attention to the preservation of capital and the generation of income to support operations.  LTOF consist solely of unrestricted university resources.

On a combined basis, LTIF and LTOF were valued at approximately $1.1 billion, as of June 30, 2016.

Endowment FY2016                                                                        *As defined by NACUBO
ltif-performance-06302016

Management and Oversight

The Investment and Endowment Committee (The Committee) members are appointed by the Board of Trustees, and oversee the investment and management of the Long Term Funds (LTF).  In 2010, the Committee appointed Mercer as the Outsourced Chief Investment Officer for the University.  Long Term Funds are operationally managed by Mercer with daily governance and oversight by the CFO and Treasurer.

Spending

Spending from LTIF is determined through a unit distribution rate approved annually by the IEC.   The annual distribution is calculated by applying a distribution rate, currently 3.84%, to the average unit values over the prior 36 months ended June 30th for LTIF.