The University of Oregon Foundation’s endowment reached an all-time high market value of $600 million, helping to provide stable financial support for the university.

The Oregon Daily Emerald highlighted the UO Foundation’s success in an article, “UO Foundation achieves record high in endowment fund,” that was published on Monday.

The UO Foundation, a not-for-profit corporation, is responsible for receiving and administering the thousands of private gifts donated annually to the University of Oregon, and disbursing those funds to the university according to donor intent.

“This accomplishment would not have been possible without the generosity and support of donors across the country and around the world,” Chief Investment Officer Jay Namyet said in the article. “We would like to thank all donors and the Foundation Board of Trustees for helping reach this milestone.”

Since 1922, the University of Oregon Foundation has received, invested, and distributed private gifts to the University, funding student scholarships, faculty support, academic programs and building improvements.

- by Melissa Foley, Office of Public Affairs Communications