The primary objective of the office is to optimize the endowment’s performance by developing investment policies, strategic asset allocation, policy and performance benchmarks, and risk management practices so that the real purchasing power of the fund’s principal is preserved and maintained. As a guaranteed, perpetual source of income to support student scholarships, professorships, innovative learning opportunities, and life-saving research, the endowment is essential to sustaining academic excellence at the university.
University of Michigan Investment Policy
University of Michigan Investment Policy Statement (September 19, 2024)
Endowment Investment Report
2023 Endowment Investment Report
Endowment Q&A
South Africa Stock Divestment
Regent’s proceedings regarding South Africa divestment (March 16, 1978)[PDF]
Tobacco-related Stock Divestment
Report and Recommendations by Ad Hoc Advisory Committee on Tobacco Investments (March 17, 2000)
President Bollinger letter to Regents regarding tobacco divestment (June 6, 2000) [PDF]
Regents approve divestment of tobacco-related stock (June 19, 2000)