EMU Foundation

Eastern Michigan University
2:22 am
Thu December 26, 2013

EMU Endowment Grows to Largest In School History

Eastern Michigan University's Endowment has grown from about $36 million in 2009 to about $64 million  currently, the largest endowment in the school's history. 

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. 

Laura Wilbanks is the Chief Financial Officer of the EMU foundation.  Wilbanks says in the last few years they've limited the costs and percentage of endowment spent annually on scholarships and other gifts.  She says the actual dollars spent from the endowment however can increase as the endowment grows. 

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.

EMU also successfully completed the Invest, Inspire Fundraising campaign a few years ago.

 — Andrew Cluley is a reporter and anchor for 89.1 WEMU News. Contact him at 734.487.3363 or email him aCluley@emich.edu.

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Local News
3:07 pm
Mon December 9, 2013

EMU Celebrates 'Giving Tuesday' Success

Eastern Michigan University says its Giving Tuesday fundraising effort was a resounding success. 

Tom Stevick is EMU's Vice-President for Advancement, and Executive Director of the EMU Foundation.  He says the university's first one-day fundraising event exceeded expectations.

Stevick says they were expecting to raise around $50,000 or $60,000, but ended up with more than $138,000. 

Money raised by EMU on Giving Tuesday will go to various scholarships and campus programs, plus the school's new Student Emergency Fund.

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