UCM Foundation Rate of Return Earns National Top 10 Percent
Contact: Dalene Abner
WARRENSBURG, MO (March 15, 2013) — The UCM Foundation’s five-year rate of return has placed it among the largest and most prominent public and private higher education organizations in the nation. In a comparison of 831 participating institutions, the 2012 NACUBO-Commonfund Study of Endowments indicates that the UCM Foundation’s five-year annualized rate of return of 3.11 ranks in the top 10 percent nationally.
“This is very exciting news because of the caliber of universities represented including Harvard, Yale, Stanford and Penn State. We are proud to stand beside some of the most prestigious and largest universities in the United States,” said Jason Drummond, executive director of the UCM Foundation.
“Our rolling five-year returns for both FY11 and FY12 outperformed the average returns of all institutions by 90 basis points and 200 basis points, respectively,” he said. “This is a great credit to the diligence of our Finance Committee as well as the expertise of our investment managers at Commerce Trust Company.”
He also noted, “Continuing to prudently invest the financial resources of our generous donors is paramount to achieving our overall mission to make a UCM degree more affordable, accessible and valuable to students.”
NACUBO or the National Association of College and University Business Officers is a membership organization of more than 2,500 colleges, universities and higher education service providers throughout the U.S. and world. It specifically represents chief business and financial officers.