Endowment & Financials

PRIVATE GIVING FY 2008-2009

During the fiscal year 2008-09, the University of New Mexico established a new record for philanthropic support of the University during times of true economic uncertainty. Nearly 17,000 donors indicated their loyalty to UNM, 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 2008-2009

The University Of New Mexico 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 CIF Endowment Investment Management Policy, which is approved by both the UNM Foundation Board of Trustees and the UNM Board of Regents.

FY 2008-09 was an extremely difficult year for all investment markets. The CIF finished the year with a market value of approximately $259 million, a decline of 20.5 percent when compared to the previous fiscal year. This return compares favorably with those for the overall market and peer institutions. Investment returns were down in all asset classes of the CIF with the exception of the fixed income portion of the portfolio which returned +3.1 percent. In the CIF portfolio U.S. equities and international equities posted returns of -24.0 percent and -30.0 percent, respectively, for the fiscal year; both these return rates, although disappointing, were superior to their respective overall market returns. The marketable alternatives provided some downside protection, declining in value by only 8.6 percent for the fiscal year. In addition to the customary investment management expenses, a development funding allocation of 1.15 percent of the market value was allocated from each participating fund in the CIF for 2008-09 to meet 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. Therefore, the Foundation has adopted a spending policy based on a 12 quarter moving average and a distribution rate of 4.65 percent for FY 2008-09, which provided approximately $15.2 million in funding for the various schools, colleges and programs that benefit from the endowment program.

Forms 990 and 990-T 2006-2007

Forms 990 and 990-T 2007-2008

Forms 1023 Application for Exemption