UNIVERSITY OF
NOTRE DAME
OFFICE OF UNIVERSITY RELATIONS
Louis M. Nanni
l’i-e P,eside,,r
October 2010
Mr. Martin Foos
18 South St. Clair Street
Unit 202
Dayton, OH 45402
Dear Martin,
With profound appreciation, I share the financial information for the Notre Dame
Club of Dayton Scholarship for fiscal year 2009-10. Please share this report—and my
heartfelt gratitude—with the members of your club.
As my work is based on campus. I am fortunate to have very frequent
opportunities to see the fruits of your goodness. No words will ever be able to convey to
you how miraculous it is that we can help fund the undergraduate experience of talented
and compassionate students who could not afford an education at Notre Dame
otherwise. I have no doubt that these bright and energized students will achieve great
success and have a large impact on the world, all thanks to your club’s generous gifts.
It’s staggering to think that as families continue to struggle. fewer and fewer of
these amazing students would be able to realize their dreams of a Notre Dame education
without assistance. The trend of increased need continued in the last fiscal year, and the
University, due in large part to extraordinary benefactors, was able to continue to
enhance its commitment to financial aid, increasing scholarship awards by about 10
percent.
You will find enclosed The Notre Dame Endowment brochure and a glossary of
key information. These items will assist you in interpreting your financial information.
Please contact Gwen Troupe at (574) 631-6461 with any questions.
I pray that God will continue to send forth His blessings to the Notre Dame
family on campus and around the world.
Yours in Our Lady,
cc:
Gwen Troupe
Louis M. Nanni
Vice President for University Relations
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The University of Notre Dame Scholarship Fund Summary
Notre Dame Club of Dayton
June 2010
Account Number -62141 /381770
-
Principal Fund Book Value
Beginning Balance 7/1/09
Additions 7/1/09 to 6/30/10
Principal Book Value 6)30/10
Principal Fund Market Value
Appreciation as of 6)30/10
Market Value as of 6/30/10
Expendable Fund Value
Beginning Balance 7/1/09
Expendable Gifts
Transfers
Earnings Available for Spending 2009/10
Scholarship Awards 2009/10
Ending Balance 6/30/2010
$348,598
15,361
$363,959
-
-
-
-
592.012
$955971
-
-
Principal Fund Market Value
Earnings Available for Spending
1.400.000
60,000
1.200,000
1,120,040
1.177,162
50000
a, 1.000,000
C,
800.000
V
C
2
U-
0,
0,
U,
600,000
49,241
—
36,910
30,410
C
‘
C5
46,274
40,000
2
>
a,
$4,187
1,574
0
49,241
(52.750
-
32.922
—
—
30,000
20,000
400,000
10,000
200,000
0
2006
2007
2008
2009
2010
2006
University of Notre Dame Unitized Endowment Pool
Current Asset Allocation
2007
2008
2009
2010
University of Notre Dame Unitized Endowment Pool
Investment Performance
16.0
Cash
12.1
12.0
5.7%
\“,.Non-U.s. Equities
11.4%
Mailcetable
C
2
0)
15%
fr
LonglShort
Equities
14.1%
8.0
5,
z
4.0
Pdvate Equity
20.7%
0.0
1 Year
Returns
5 Years
10 Years
greater than one year are annualized.
15 Years
Glossary of Key Information
University of Notre Dame du Lac
2009-20 10 Endowment Summary
The net rate of return on the endowment pooi for the fiscal year ended June 30. 2010 was 11 1 percent, compared to 7.5 percent for the
Strategic Policy Portfolio, Notre Dame’s internal benchmark. Thanks to a disciplined investment approach and a high level of
diversification. Notre Dame endowment long-term performance ranks among the highest of the nation’s large college and university
endowments. Over the last fifteen years, the atmualized endowment net return was 12.1 percent, compared to 7.8 percent for the
Strategic Policy Portfolio, 7.3 percent for the median large institutional investor as represented by the TUCS Universe of pension
funds, endowments, and foundations greater than $1 billion, and 6.7 percent for a 60/40 index blend of stocks and bonds.
Principal Fund Book Value
This figure is the total of all gifts made to your endowed fund, puts any investment income which was added back to the principal.
Endowments that are not in a spending mode will have had alL income reinvested in new tinits in the endowment pool and added to the
book value.
Principal Fund Market Value
This is the value of investments in your endowed fund as of June 30, 2010. It is calculated based on the amount of units held in the
investment pool. \k’hen the endowment is spent to support the program on a quarterly basis, the units held by the endowment are also
reduced. This, in turn, reduces the market value of the endowment.
Expendable Fund Value
This table shows the amount of money transferred from your endowed fund that was actually available for program spending. Not all
endowed funds are in a spending mode; some reinvest earnings and thus have a zero balance in their expendable accounts because
earnings are added back to the principal. Newly established endowments may see a smaller expendable amount than would be
expected in subsequent years due to the timing of gifts and the length of time allowed for investment. Similarly, a fund transitioning
from a reinvestment mode to a spending mode will see a smaller expendable amount in the year of transition than would be expected
in subsequent years.
Principal Fund Market Value
This bar graph shows the market value of your endowed fund at the end of the previous five fiscal years. It is important to emphasize
that the market value at each point is net of spending thai has taken place to support the endowed program.
Earnings Available for Spending
For endowments currently on spending. this bar graph depicts the amount of funds available for the endowed program for the previous
five fiscal years.
Current Asset Allocation
This pie chart depicts the breakdown of the pooled endowment fund by major investment categories as determined by the University’s
Board of Trustees. The Notre Dame Endowment is one of the most diversified in higher education. It is invested for a total return with
an emphasis on equity investments.
Jnvestment Performance
This bar graph depicts the net rate of investment return earned by the pooled endowment fund for one year, three year, five year, and
ten year periods, ended June 30, 2010. The Notre Dame Endowment has been among the highest performing endowments over the
past decade. The investment performance of your particular endowment may vary frotn these rates of return based on the timing of
your gift(s) during the year.
Please see the enclosed endowment brochure for more detailed information on investment and spending policies.
10/10