The University of Nevada, Reno Foundation Asset Management
The Foundation's volunteer Board of Trustees and its Investment Committee work diligently to establish prudent parameters for investment asset allocation, both broadly diversified and inflation-hedging.
The Foundation endowment includes more than 975 named endowment accounts. The endowment funds are responsibly managed by the Investment Committee of the Foundation, which receives independent professional investment advice from Wilshire Associates.
The Foundation's endowment value stood at more than $232 million as of June 30, 2019, an increase in value of 8% percent from $215 million on June 30, 2018. As of June 30, 2019, the funds were invested 41% in global public equities, 8% in private equities, 18% in fixed income, 7% alternate debt, 5% in diversifying strategies, 10% in real estate, 2% in cash and 8% in real assets. The goal of this allocation is to produce a return that meets spending obligations and maintains or increases the real value of the endowment.
For the 12-month reporting period through June 30, 2019, the Foundation had a net return of 7% for all assets, compared to the policy benchmark of 8% for the same period of time.
As of June 30, 2019, the Foundation's three- and five-year overall average rate of returns for the endowment, net of fees, were 7.8% and 5.5% respectively. These returns use March 31 market values for the non-marketable investments.
The Foundation's policy is administered in accordance with the Uniform Prudent Management of Institutional Funds Act (UPMIFA), the provisions of which are set forth in Chapter 164 of the Nevada Revised Statutes.