Foundation Update and Financial Reports
Throughout the past year, the University of Idaho Foundation has continued to uphold its mission of providing consistent support to the university to advance the academic excellence and overall well-being of the University of Idaho. The Foundation is committed to transparency, accountability and stewardship of the resources entrusted to us. Read the Annual Report 2023 for the financial highlights and fundraising successes of fiscal year 2023.
As the largest public foundation in the state of Idaho with assets of $465 million, we were able to distribute more than $27 million to the university: $14.6 million from the CIT, our pooled endowment fund and another $12.4 million in current-use gifts. Gifts from our donors enable the university to award thousands of scholarships, support hundreds of faculty members with their research projects and enhance many facilities and programs.
One of the cornerstones of our approach lies in our sound investments and careful management of your generous gifts to ensure endowment fund growth and long-term sustainability. We are thankful for your trust and partnership in advancing the excellence of the university by adding 59 new endowments, bringing the total to 1,837 endowments with a total fair market value of $396 million.
Our continued success is a direct reflection of resilience and the collective efforts of our caring donors, passionate alumni, Foundation and university leadership and our dedicated support staff.
We encourage you to stay connected with the university and the Foundation as we continue our Brave. Bold. Unstoppable. drive to take our rightful place among the world’s top research universities. Here’s to another year of partnership and progress!