The UND Alumni Association & Foundation’s endowment fund reached a value of $366.1 million on June 30, the end of fiscal year 2021.
“That’s a record amount for this vital tool that establishes a legacy of giving far into the future,” said DeAnna Carlson Zink, CEO, during her State of the UND Alumni Association & Foundation address. “The payout from the endowment over the past five years has been almost $43 million.”
The endowment fund grows through donations and stock market gains. Each year a percentage is paid out from the fund for donor-directed uses like scholarships, department programming, or faculty retention.
Carlson Zink also announced that alumni and friends of UND gave $64.4 million during fiscal year 2021. While that doesn’t equal the record $80.1 million donated in FY20, it’s the third-highest yearly total ever, and brings the total giving over the past three years to $212.2 million.
“We are so very thankful that we have so many alumni and friends of this university who want to do good in the lives of UND students each and every day,” said Carlson Zink.
Other FY21 highlights announced at the Address include:
- 9,886 gifts
- 709 new donors (including UND President Andy Armacost and his wife, Kathy, who were recognized for their giving)
- $22.6 million earmarked for programs and faculty, a 250% increase over FY20
Today’s State of the UND Alumni Association & Foundation Address was attended by more than 100 people at the Gorecki Alumni Center with more than 200 people joining via livestream. The Address is archived on the organization’s YouTube channel, youtube.com/UNDalumni.