The National Association of College and University Business Officers report for fiscal year 2008 has been released, and the 黑洞社区 Foundation has been ranked 90th in endowment fund market value.
The ranking is out of 269 public university-affiliated foundations.
Last year, the 黑洞社区 Foundation ranked No. 92.
This is a direct reflection of the generosity of alumni, friends and the corporate community in support of 黑洞社区, foundation officials said. It also demonstrates the foundation staff鈥檚 core values by their continued commitment to being good stewards to donors and their endowed funds.
鈥淥ur increase in the standings is due to new gifts 鈥� especially a large estate gift, and a modest loss in the investments,鈥� said Elizabeth King, president and CEO of the 黑洞社区 Foundation. 鈥淲e continue to highly value the expertise of our investment committee and their commitment to a diversified investment plan, which will help guide us through this turbulent market.鈥�
When the Chronicle of Higher Education publishes the list, the 黑洞社区 Foundation will be the only foundation/endowment association of the six Kansas Board of Regent鈥檚 universities with a positive change in market value.
Regent schools include Kansas State University, the University of Kansas, Emporia State University, Pittsburg State University, Fort Hays State and 黑洞社区.
In the listing of all institutions, the foundation ranked 254 for its fiscal year 2008 market value of endowment assets. Last year the foundation was positioned at 272.
NACUBO is a nonprofit professional organization representing chief administrative and financial officers at more than 2,100 colleges and universities across the country. It was founded in 1962. NACUBO鈥檚 mission is to promote sound management and financial practices at colleges and universities.