Over the past four years, UNM has built or renovated more than half a billion dollars of academic, student service and athletic facilities to strengthen the university’s mission, national reputation for excellence and ability to serve students, faculty and staff.
The UNM Foundation’s mission is to promote excellence at the University of New Mexico by raising, investing and managing private gifts through the cultivation of long-term partnerships with donors and matching their interests to the University’s priorities. www.unmfund.org
UNM Foundation
Two Woodward Ctr
700 Lomas NE, Ste 108
Albuquerque, NM 87102
During the fiscal year 2010-2011, the University of New Mexico received more than $83.1 million in private support. Almost 17,000 donors, providing in excess of 38,000 gifts, indicated their belief in UNM by continuing to demonstrate the value of philanthropic investment to members of the UNM community. Private support includes all gifts made or pledged to the UNM Foundation for the benefit of UNM and those gifts made directly to the University’s schools, colleges, departments and programs. Your generosity to help build a greater University of New Mexico is truly appreciated and makes a tangible difference in our community’s life each day. We are grateful for your trust, which allows UNM to make lasting connections to the culture, community and aspirations of New Mexico.
Consolidated Investment Fund FY 2010-2011
The UNM Board of Regents has delegated authority to the UNM Foundation Investment Committee to oversee and manage the endowment assets of the University and the Foundation. The pooled assets are combined for investment purposes and operated as a unitized pool known as the Consolidated Investment Fund (CIF). The CIF is managed in accordance with the Consolidated Investment Fund Investment Policy, which is approved by both the UNM Foundation Board of Trustees and the UNM Board of Regents.
Investments in the CIF are guided by the concept of complementary managers who are responsible for specific asset categories and management styles in a diversified portfolio. The chart below illustrates the mix of assets in the portfolio. Equity holdings are restricted to high-quality, readily marketable securities of corporations that are actively traded on the major exchanges. Marketable alternative investments are a series of absolute return strategies.
The CIF finished the year with a market value of approximately $336.0 million, as compared to $283.2 million a year ago, and a return on investment of 19.0 percent, as compared to 10.4 percent the previous fiscal year. This return compares favorably with those for the overall market and peer institutions. U.S. equities and international equities posted returns of 31.9 percent and 29.8 percent, respectively. Private equity investments returned 14.5 percent, fixed income investments returned 7.0 percent and marketable alternatives returned 8.2 percent. The real asset markets rebounded and posted a 33.7 percent return for the fiscal year.
In addition to the customary investment management expenses, a development funding allocation of 1.85 percent of the market value was allocated from each participating fund in the CIF for FY 2010-2011 to assist with operational expenses.
The Foundation recognizes the need to provide a steady and reasonably predictable stream of income while protecting the real value of the principal of the endowment. The CIF’s spending policy is based on an average of 20 trailing quarters to smooth out fluctuations in market values from quarter to quarter. The policy specifies that the distribution rate must fall between 4 – 6 percent. The current year’s calculation retained last year’s distribution rate of 4.65 percent and will provide approximately $14.9 million in funding for the various schools, colleges and programs that benefit from the endowment program, as compared to $15.4 million the previous fiscal year.
