Endowment Stewardship Reports

Each year the Idaho State University Foundation reports the performance of individual endowments to the donor noting the current value of the fund and providing information about the spendable allocation.

If you have questions about your endowment please contact Sue Korte Regetz, Donor Relations Coordinator, at (208) 282-4787 or kortsusa@isu.edu.

Foundation Financial Report

Idaho State University appreciates the generous donor support for the University through the established endowments which considerably enhances the lives of students, faculty and staff while strengthening academic programs. This positive growth in the endowment has strengthened the foundation’s balance sheet significantly in comparison to recent years and allowed for growth in scholarship and support to the university. Under the guidance of the Commonfund, the investment committee continually monitors the investment portfolio performance and tactically adjusts asset allocations to deal with the market dynamics. Giving has increased commensurate with the market and the endowment especially has benefited from the generosity of its donors.

Fiscal year June 30, 2014 saw some of the best returns in recent history for the endowment and other investments for the Idaho State University Foundation. Though volatility persisted throughout the fiscal year, the portfolio return of 16.09 percent was right on par with its benchmark. Tactical asset allocation into equities and alternative assets helped mitigate the volatility and achieve significant returns above their respective benchmarks for the portfolio. Broad based equity investments varied in their returns due to the difference in performance between international, emerging markets and domestic equities. The portfolio managers overweighed domestic investments as compared to international and emerging markets to counter balance the below benchmark performance of the international equities. For the future, markets continue to display the volatility that was intrinsic to Fiscal Year 2013 and Fiscal Year 2014. Reactions to global tensions, European economic woes and reduced Chinese growth predictions have created temporary swings in valuations and have challenged the nerves of everyone. The US economic recovery is continuing and there are several areas of optimism such as energy and industrial growth. Our fund managers remain optimistic if not guarded in the views of the future and believe the basic economic fundamentals are in place to continue a domestic and global recovery.

Endowment Activity

Compared to Fiscal Year 2013, Fiscal Year 2014 returns were quite strong. The endowment has grown to its highest level in the foundation’s history. In Fiscal Year 2014, additions of $2,751,465 and net investment gains of $5,755,855 helped increase the endowment to $41,653,217. Though market volatility remains, experts at the Commonfund Inc. predict positive returns to continue through Fiscal Year 2015.

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Financial Aid Facts

During Fiscal Year 2014, 60% of all ISU students received some form of financial aid. Approximately 48% of the undergraduates, or 5,807 students, received need‐based grants and scholarships in the 2013‐2014 academic year, with an average award of more than $4,620. Of the $15,506,321 in non‐federal financial aid (primarily institutional scholarships and waivers) in the 2013‐14 academic year, nearly $819,120 was provided by earnings from endowed scholarship funds. ISU awarded a total of nearly $112 million in financial aid during the 2013‐2014 academic year