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Home , James Madison University, Longwood University, Old Dominion University, University of Virginia

Setting the PACE

JMU ENDOWMENT GROWTH RATE #1 IN

9.65% AVERAGE ANNUAL GROWTH

VALUE NOW EXCEEDS $100 MILLION

Visit jmu.edu/foundation or call (540) 568-3187 for more information on the JMU Foundation.

Endowment growth echoes JMU’s rise n October 2018, JMU publicly announced its $200 was valued at less than $40 million and lagged far million campaign with the goal of not only raising behind the trajectory of the itself, which Ithis amount but also of engaging 65,000 investors. was growing both in stature and size. Then as now, Led by President Jonathan R. Alger and a 27-member donors embraced the challenge. As a result, the steering committee, Unleashed: The Campaign for campaign eclipsed its goal by 40%, raising $70 University aims to provide significant million, initiating the university in the modern era new funding for signature programs and priorities. A of higher fundraising and inaugurating a primary goal of Unleashed is to double the portion of philanthropic culture at JMU. JMU’s endowment that funds student scholarships to reach $75 million by 2022. From 2002 to 2018, JMU’s endowment grew by an annual rate of 9.65%, making it the fastest growing This is only the second comprehensive fundraising university endowment in the commonwealth. In 2019, campaign in the history of the university. The first the endowment surpassed $111 million, representing a was in 2006–2008, the Madison Century campaign. 42% increase over the last five years. At the start of that campaign, JMU’s endowment Continued on back

Growth of Endowment Value 120 110 100 90 80 70 60 50 IN MILLIONS 40 30 20 1 . 1

1 10 1 23.2 23.8 29.6 33.6 39.1 50.7 47.3 39.6 48.5 57.7 59.6 67.0 78.4 81.9 80.0 93.2 103.9

2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

Source: National Association of College and University Business Officers (2002-18) and JMU Foundation (2019) This rapid growth rate stems from participation of Average annual growth rates donors who entrust the university with their gifts as well as prudent investment management by the Virginia public and private endowments † JMU Foundation Inc. Both are essential to building (2002–2018) a permanent, self-sustaining source of funding that 1. Foundation 9.65% ensures the future strength and stability of JMU— 2. 9.64% unlocking the potential of the Madison Experience for future generations. 3. and Lee University 8.62% 4. 8.38% 5. Virginia Commonwealth University* 7.93% 6. Eastern Virginia Medical School Foundation 7.61% Scholarships 60% 7. Foundation 7.51%

Faculty Support 13% 8. Foundation 7.24% 9. University of Mary Washington 6.74% Other Restricted 2% 10. College of William & Mary and Foundations 5.99% Source: NACUBO data from Virginia colleges that reported Unrestricted 11% endowment data for all years between 2001 and 2018

Academic Programs 14% Market values in $1,000s Virginia public college and university endowments as of July 2018† About the JMU Endowment 1. University of Virginia $6,953,380 he endowment comprises many separate 2. Virginia Commonwealth University $1,951,337 funds, each of which reflects the thoughtful 3. Virginia Tech $1,146,055 Tand generous investments of donors to JMU. An endowment fund is a permanent, self-sustaining 4. College of William & Mary $935,554 source of funding. Each one comes with its own 5. Virginia Military Institute $491,862 criteria about how the income is to be used and for 6. Old Dominion University $244,784 what purposes. These criteria are specified by donors. 7. James Madison University $103,924 Endowment funds are invested in the market, 8. University $84,946 and each year a portion of the value of each fund is expended to support the fund’s purpose. 9. Longwood University $70,135 Earnings in excess of the expenditure remain in the 10. $56,530 endowment to continue to build the fund’s market 11. Virginia State University $54,479 value. In this way, an endowment fund can grow and provide support for its designated purpose 12. University of Mary Washington $50,641 in perpetuity. Scholarships and academics are the 13. $24,755 two largest fund designations chosen by donors. Approximately 60 percent of donors designate † 2019 NACUBO data unavailable at press time: 9/20/2019 their funds for scholarships, while 14 percent have * In 2013, a large increase in VCU’s endowment was “primarily chosen to support academic programs. due to the (VCU board’s) re-designation of certain long-term investments held by related VCU entities as ‘quasi-endowments’,” according to NACUBO, meaning the reported increase that year was more administrative than actual. For that reason, the effect of VCU’s 2013 increase was excluded from this chart.