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 with financial need.
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.
In 2022, desiring to further strong investment success and sensing a need to address the growing multifaceted aspect of the endowment portfolio, the Investment Committee recommended to the Board of Managers to engage Investure LLC, a consortial investment office founded in 2003 in Charlottesville, Virginia. The Investment Committee of the Haverford Board of Managers believed that partnering with Investure LLC as the endowment manager was important to furthering the vision and endowment ambitions of the College.
In partnering with Investure, Haverford College maintains the fiduciary responsibility for the endowment; approves all changes to asset allocation, manager selection and policy guidelines, receives and reviews reports regularly. Under this arrangement, the Haverford Investment Committee and the Board of Managers remain the fiduciary and are actively involved in making portfolio decisions while monitoring performance and risk.