The ASU Foundation for A New American University invests and manages your endowment principal with a goal to provide sufficient support each year, despite inflation and market fluctuations, to the endowment's designated purpose and that it is able to sustain this level of support indefinitely.
As an endowment donor, you receive an annual report on your endowment's performance, including its market value, distribution to its spending account and the impact of your investment. The net return on your endowment principle is the total of interest, dividends, realized and unrealized gains (or losses) less the related institutional expenses for the fiscal year.
Our spending and institutional expense policies are determined by the Investment Committee of our board of directors, which reviews the performance of the invested portfolio and our investment managers at least quarterly. Should the market value of your endowment fall below original value of the endowment gift, the foundation will continue providing payout to the ASU beneficiary unless prohibited by the donor.
Our institutional expenses include the costs of managing the ASU Foundation endowment, including administrative, legal, fundraising, financial and reporting obligations.