The ASU Foundation invests and manages your endowment principal to ensure its productivity over time for the purpose(s) you have specified.
As an endowment donor, you receive an annual report on your fund’s performance.
The net return on the invested principal includes interest, dividends and unrealized and realized gains (or losses). The payout rate is defined by the foundation’s investment policy as stated in the foundation’s by-laws.
If the market value of your endowed fund falls below the asset’s value at the time you gave it, the foundation payout continues unless the gift agreement for the specific fund does not permit it. This provides continuity of support irrespective of general economic conditions.
Foundation fees cover the costs of managing the ASU endowment, including legal, administrative, financial and reporting obligations. It also helps support advocacy and fundraising activities solely for the benefit of ASU.