UW Wants Better Return on Investments
LARAMIE, Wyo. (AP) — The University of Wyoming Foundation is considering changes to its polities to put its money to use and not leave it sitting in bank accounts wasting away.
A policy change in the works would put underused money into a larger, intermediate-period investment to maximize returns.
UW Vice President of Administration Bill Mai says currently money is placed in low-yield accounts for easy access. However some donations are earmarked for specific programs, meaning they can sit in a bank account for a longer time.
Any investment growth made by the endowment would go toward the designated area.
The foundation currently controls a total of $616.5 million and delivered $6 million in scholarships and contributed $32.5 million in other support areas in 2014.