The Haverford College endowment provides a perpetual stream of income to the College, in support of its mission to provide a liberal arts education based on a rich academic curriculum that is distinguished by a commitment to excellence and a concern for individual growth. The endowment has grown through generous gifts and investment performance over time; likewise its financial support of the College has also grown. The endowment supports the College’s generous financial aid program, outstanding faculty and academic program, and general operations of the College, while providing a subsidy for every student.
Working with the Investment Committee of the Board of Managers, the Investment Office is responsible for day-to-day oversight of the endowment, the development and implementation of investment policy, and investment manager due diligence and monitoring.
The endowment is managed with the dual objectives of preserving the purchasing power of assets for future generations and maintaining sufficient liquidity and income to support the near-term operating needs of the College. We recognize that investment performance accounts for only a portion of long-term endowment growth; philanthropy and annual spending from the endowment have an equally important impact on the size of the endowment.
Statement of Investment Policies and Objectives
The Investment Committee of the Board of Managers issued this statement to establish the investment objectives and policies for the management of the Endowment investment assets the College.