University of Michigan Endowment General Information
The University of Michigan manages an endowment fund based in Ann Arbor, Michigan. The university's endowment funds consist of both permanent endowments and funds functioning as an endowment. Permanent endowments are those funds received from donors with the stipulation that the principal remains inviolate and be invested in perpetuity to produce income that is to be expended for the purposes specified by the donors. The university uses the endowment funds to support operations to strike a balance between generating a predictable stream of annual support for current needs and preserving the purchasing power of the endowment funds for future periods. The major portion of the endowment is maintained in the university endowment fund, a unitized pool. The assets are managed by the executive management team.