In our hyper-connected world, it sometimes feels as though economic news is announced, analyzed and debated by the hour. Clearly, this past year witnessed more than a few notable headlines relating to the world’s economic situation. In spite of volatile market conditions, the endowment returned 11.7 percent for 2010. As always, this performance is best viewed primarily as a snapshot in time, for the endowment’s investment time horizon is essentially infinite. Nonetheless, we are always pleased with returns that exceed our long-term expectations.
Financial highlights for 2010 include total assets under management of more than $2.643 billion; contributions, including pledges receivable, totaling $165.7 million, and more than $206.2 million in support transferred to or for the benefit of the University of Wisconsin.
The University of Wisconsin remains a great institution focused on learning, research and scholarship, yet it continues to operate in an environment where significant fiscal challenges are present. Thus, the impact of philanthropic gifts is more meaningful now than ever. We continue to be inspired by the gifts given, the ideas shared and the passion exhibited by those who care deeply for the University. Thank you for your ongoing commitment to ensure that the University of Wisconsin continues to have a substantial impact on current students as well as the world at large—so eloquently framed in the Wisconsin Idea.
Portions of this financial report were drawn from the Foundation audit completed by an independent accounting firm. Copies of the complete audit are available upon request. The University of Wisconsin Foundation complies with all applicable federal and state reporting requirements.
Jennifer L. Kidon DeKrey
Chief Financial Officer
University of Wisconsin Foundation
Thomas P. Olson
Chief Investment Officer
University of Wisconsin Foundation