EMU Foundation http://wemu.org en EMU Endowment Grows to Largest In School History http://wemu.org/post/emu-endowment-grows-largest-school-history <p><iframe frameborder="no" height="166" scrolling="no" src="https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/126582378&amp;color=167c25&amp;auto_play=false&amp;show_artwork=true" width="100%"></iframe></p><p><a href="http://emufoundation.org/"><strong>Eastern Michigan University's Endowment </strong></a>has grown from about $36 million in 2009 to about $64 million &nbsp;currently, the largest endowment in the school's history.&nbsp;</p><p>Last year's return on investment was over 15-percent and they have averaged annual returns of over eight percent over the last 20 years.&nbsp;</p><p>Laura Wilbanks is the Chief Financial Officer of the EMU foundation.&nbsp; Wilbanks says in the last few years they've limited the costs and percentage of endowment spent annually on scholarships and other gifts.&nbsp; She says the actual dollars spent from the endowment however can increase as the endowment grows.&nbsp;</p><p>Wilbanks says the strong investment return is a result of aggressive investments in the stock market, limited exposure to alternative investments and being dilligent on rebalancing the portfolio.</p><p>EMU also successfully completed the Invest, Inspire Fundraising campaign a few years ago.</p><p style="margin-bottom: 15px; padding: 0px; border: 0px; font-size: 15px; vertical-align: baseline; color: rgb(51, 51, 51); font-family: Georgia, Times, serif; line-height: 22px;">&nbsp;<em style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline;">— Andrew Cluley is a reporter and anchor for 89.1 WEMU News.&nbsp;Contact him at 734.487.3363 or email him&nbsp;<a href="mailto:aCluley@emich.edu" style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; color: rgb(12, 76, 162);">aCluley@emich.edu</a>.</em></p><p> Thu, 26 Dec 2013 07:22:57 +0000 Andrew Cluley 39471 at http://wemu.org EMU Endowment Grows to Largest In School History EMU Celebrates 'Giving Tuesday' Success http://wemu.org/post/emu-celebrates-giving-tuesday-success <p>Eastern Michigan University says its Giving Tuesday fundraising effort was a resounding success.&nbsp;</p><p>Tom Stevick is EMU's Vice-President for Advancement, and Executive Director of the EMU Foundation.&nbsp; He says the university's first one-day fundraising event exceeded expectations.<br /><br />Stevick says they were expecting to raise around $50,000 or $60,000, but ended up with more than $138,000.&nbsp;</p><p>Money raised by EMU on Giving Tuesday will go to various scholarships and campus programs, plus the school's new Student Emergency Fund.</p> Mon, 09 Dec 2013 20:07:50 +0000 Bob Eccles 38761 at http://wemu.org EMU Celebrates 'Giving Tuesday' Success