As of 2021, West Virginia University’s endowment was approximately $1.2 billion.
Detailed response
West Virginia University’s endowment as of 2021 is approximately $1.2 billion. This endowment is composed of a diverse portfolio of investments, including equities, fixed-income securities, and alternative investments such as private equity and hedge funds.
According to a report by the Charleston Gazette-Mail, WVU’s endowment has seen significant growth in recent years, increasing from $871 million in 2014 to its current level of $1.2 billion. This growth has been attributed to strong investment performance, as well as fundraising efforts by the university’s Foundation.
WVU’s endowment allows the university to provide financial support for a variety of programs and initiatives, including scholarships, faculty positions, capital projects, and research activities. As the university’s president, E. Gordon Gee, has noted: “Endowment funds are essential to helping us achieve our mission and serving our students, faculty and staff.”
Other interesting facts about WVU’s endowment include:
- The WVU Foundation, which manages the endowment, was established in 1954 and has grown to become the largest non-profit organization in the state of West Virginia.
- In addition to the endowment, the WVU Foundation manages more than 1,600 separate accounts for donations made to the university.
- WVU’s endowment is significantly larger than many other public universities in the region, including Marshall University, which had an endowment of approximately $95 million in 2021.
Overall, West Virginia University’s endowment is a key factor in the university’s ability to pursue its mission of providing high-quality education and research opportunities to its students, faculty, and staff. As the founder of modern management, Peter Drucker, once noted: “Endowment is the only economic resource that can truly make a difference to an institution of higher learning.”
A snapshot of WVU’s endowment growth can be seen in the following table:
| Year | Endowment Total (in millions) |
|---|---|
| 2014 | $871 |
| 2015 | $881 |
| 2016 | $936 |
| 2017 | $947 |
| 2018 | $1,007 |
| 2019 | $1,045 |
| 2020 | $1,067 |
| 2021 | $1,200 |
Video answer to your question
The video discusses the instrumental role of Dr. Robert Nugent in establishing and developing the medical program at West Virginia University (WVU) through his expertise as a neurosurgeon and physician. He was known for developing techniques for trigeminal neuralgia and served as a physician for WVU football for over 40 years. The video aims to raise an additional $300,000 for an endowed chair in his name, which would establish his legacy and enable the recruitment of the next generation of faculty. By honoring his name through this endowed chair, Dr. Nugent’s contributions to the field of neurosurgery can be remembered and celebrated.
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West Virginia University
Latin: Collegium (Universitas) Occidentalis Virginia Endowment $875.1 million (2022) President E. Gordon Gee Provost Maryanne Reed Academic staff 1,870
As of December 2021, the West Virginia University Foundation had total assets of $2.8 billion, including long-term investments for the benefit of WVU and assets managed by the Foundation for other WVU-affiliated organizations. In fiscal year 2022, the Foundation recorded $214 million in new gifts and pledges from 20,206 donors. The endowment or naming of chairs and professorships provides a means by which WVU can recruit and retain outstanding faculty who make significant contributions in teaching, research, scholarship, the creative and performing arts, and/or public service. The purpose of an endowment is to provide ongoing support for the current and future activities of WVU and its affiliates.
The WVU Foundation recorded $214 million in new gifts and pledges in fiscal year 2022, including 39,347 gifts from 20,206 donors. As of December 2021, total Foundation assets stood at $2.8 billion, including long-term investments for the benefit of WVU and assets managed by the Foundation for other WVU-affiliated organizations.
The endowment or naming of chairs and professorships provides a means by which West Virginia University can recruit and retain, on a competitive basis, outstanding faculty who make significant contributions in teaching, research, scholarship, the creative and performing arts, and/or public service.
The purpose of an endowment is to provide ongoing support for the current and future activities of WVU and its affiliates. It is, therefore, a perpetual, self-sustaining source of permanent funding for the benefit of WVU.