The Campanile Foundation assumed the responsibility for
the San Diego State University Endowment on July 1, 2000. The Campanile
Foundation created a consolidated endowment pool on that date to provide a
vehicle through which donors can provide permanent funding for schools,
colleges and programs of their choice. The Endowment Pool consists of more than
700 separate endowment accounts and is similar to a mutual fund in that each
individual endowment buys units into the fun. The Board of Directors of the
Campanile Foundation manages the investment of endowment funds through a formal
Investment Policy Statement that provides the operating guidelines to the
Finance & Investment Committee. He Investment Policy Statement is
consistent with the fiduciary obligations of the not-for-profit organizations
under federal and state laws, CSU policies, and the Uniform Prudent Management
of Institutional Funds Act (UPMIFA) and the Uniform Prudent Investor Act
The benefit of endowment giving flows from the ability to invest funds for the
long-term to provide not only an annual distribution for spending, but growth
through the re-investment of returns in excess of the annual spending rate to
ensure that the gift will not be eroded by inflation. The spending policy
determines how much of the total return (income and appreciated) will be
distributed to support programs and how much will be re-invested in the
endowment fund. 2011-2012, the Board of Directors set the annual spending
policy of the endowment fund at 4.0% of a three-year moving average of market
value. The purpose of a moving average spending policy is to reduce the
volatility of distributions that might be produced by the up and down financial
The portfolio is invested in accordance with a core principle of successful
investing which acknowledges that a diversified portfolio across different
asset classes should provide a sustainable rate of income while minimizing the
volatility that affects all investments to varying degrees. The portfolio
equilibrium, increase value and support donor’s spending over the long term.
The allocation strategy spending policy and governance are incorporated in the
Campanile Foundation Investment Policy Statement.
The target is based upon simulations of historical returns in the past 100
years for different asset allocations. The current asset allocation mix is
designed to return the long-term objective of 6.5%. The Campanile Foundation
currently has allocations with twelve different investment managers covering
the following asset investment classes: Large-Cap Growth, Large-Cap Value,
Small-Cap Value, International, Fixed Income, Real Estate, and Alternative
The total average return for the past ten fiscal years
ranked in the top 19% of university endowments.
The total return of the fund as of September 30, 2012 on a 1-year, 3-year, 5-year
and 10-year basis was 20.4 %, 8.8%, 2.6% and 8.8% respectively.
For additional information please click on the
following link to view the Endowment Investment Summary.
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About the Campaign
Thanks to the early generosity of our alumni and friends, we are on track to meet our fund-raising goal of $500 million.
The Heart of the Mesa
SDSU faculty and staff are pillars of The Campaign for SDSU.