Endowment windfall nets 30 percent raise
By Edward Hock | June 22, 2000The 2000-2001 budget, approved by the Board of Visitors last Thursday, will include a 30-percent increase in endowment income for programs connected to the University's endowment. The Board approved the unusually high increase, which usually rises 4 percent each year, because of the fund's especially good performance this year. The fund began the year in June with a balance of $1.25 billion and finished May with $1.67 billion. "We were very, very fortunate to have invested in venture capital and private equity," University Treasurer Alice W.


