The UBC Endowment – Over Ninety Years of Philanthropy
The UBC Endowment is the result of over ninety years of philanthropy wherein donors have provided resources to support specific aspects of the University of British Columbia’s activities in perpetuity.
Generous contributions from alumni, students and benefactors have been prudently invested over the years, generating much-needed annual revenue for the University and produces the highest standards of research, teaching and student aid. Income from an endowment provides stability in difficult economic times and periods of rapid growth. Please visit the UBC Development and Alumni Engagement website for more information.
IMANT sets long term targets for investment performance that consider the need to produce regular income against which to grow the Endowment’s capital. Investment results, prepared by independent third party consultants, are reviewed against benchmarks by IMANT’s Board of Directors.
How is the Endowment Invested?
The Fund is invested in a variety of asset classes, managed by external, top-tier investment managers. In addition to the endowment assets managed by IMANT, the University also has investments at three associated foundations.
Asset Mix
Updated to December 31, 2020
| Asset Class | Actual | Long Term Policy |
|---|---|---|
| Cash & Cash Equivalents | 0.8% | 2.0% |
| Private Debt & Mortgages | 5.9% | 5.0% |
| UBC Debenture | 5.2% | 5.5% |
| Bonds | 7.4% | 7.5% |
| TOTAL FIXED INCOME | 19.3% | 20.0% |
| Canadian Equities | 9.9% | 10.0% |
| Global Equities | 18.1% | 15.0% |
| Global Small Cap Equities | 5.5% | 5.0% |
| Emerging Equities | 10.1% | 10.0% |
| TOTAL EQUITIES | 43.7% | 40.0% |
| Private Equity | 7.2% | 10.0% |
| Real Estate | 9.8% | 10.0% |
| Infrastructure Equity | 12.2% | 12.5% |
| Absolute Return Strategy | 6.3% | 7.5% |
| TOTAL ALTERNATIVES | 35.4% | 40.0% |
| Multi-Asset | 1.6% | 0.0% |
Investment Returns (Net, Annualized) to December 31, 2020
| 1 Year | 4 Year | 10 Year | |
|---|---|---|---|
| Endowment Fund (IMANT Managed Pool) | 5.4% | 7.1% | 8.2% |