Annual publication of Endowment Investment Funds 2018-19
As at 31 July 2019 the University held a total of £46.0m of endowment funds:
£36.2m of endowment funds were within the University of Sheffield Endowment Pool; consisting of £21.8m of Restricted Permanent Endowment Funds, £8.6m of Unrestricted Permanent Endowment Funds and £5.8m of Restricted Expendable Endowment Funds. In addition, £6.5m of the University’s own Fixed Asset Investments are held within this pool, totalling £42.7m.
£4.5m was held within the Yorkshire Cancer Endowment Pool. The funds are held by Yorkshire Cancer Research directly, so are not subject to the University policy.
£4.9m of endowment accumulated income was held as cash with the University of Sheffield’s banker.
£0.1m of endowment funds received by the University prior to the year end, held as cash and invested by Sarasin & Partners just after the year end.
£0.3m of endowment funds held with Hargreaves Lansdown. These funds are separated into two pools:
- 48% within the main fund (Twikker income fund) managed by the original donor with interaction with the University of Sheffield Investment Society
- 52% within the student fund (Twikker student fund) managed by the fund group within University of Sheffield Investment Society with oversight by the original donor
The University is committed to the implementation of the Endowment Investment Policy. The University of Sheffield Endowment Pool was reviewed by the Investment Group to ensure its compliance with the Endowment Investment Policy. The University is committed to investing its funds on a socially responsible basis.
Please note that the Endowment Investment Policy was updated and approved 24 February 2020.