Stewardship
Endowment Information
Endowment Investment: Individual and organizational endowment gifts (scholarships, resource funds, chairs, etc.) are recorded as separate funds for purposes of recognition. For investment purposes, these funds are commingled within Duquesne’s total endowment. The endowment is invested in a diverse portfolio of domestic and international equities, fixed income instruments, real estate and alternatives designed to achieve long-term growth of principal and income without undue exposure to risk.
The University’s total endowment stood at $171 million as of June 30, 2011. Of this amount, approximately 31 percent was designated to support scholarships and 69 percent to other endowed purposes.
Endowment Spending: Duquesne’s spending policy allocates a pre-specified percentage of the average market value of the endowment over the prior 16 quarters. In fiscal year 2007, the Board of Directors approved a 5.0% spending rate, equal to a 3.7% calculated spending rate. This type of spending policy is used by a majority of colleges and universities because it focuses on the total return of the endowment and mitigates the effects of market volatility. Eligibility for endowment distributions is based upon the date on which gifts are received.
The Annual Report of Duquesne University's Endowment
Endowed Chairs and Professorships
Endowed Scholarships - Alphabetical listing
Endowed Scholarships - School and Program Listing
