Truman State University
who create endowed funds are investing in the future excellence of
Truman State University. Endowed funds are managed in the University's
permanent endowment portfolio.
The Truman State University Foundation has established an investment and
spending policy that provides income for the University in perpetuity,
while protecting and growing the principal. A portion of the earnings
are awarded for the fund's designated annual purpose; remaining earnings
are reinvested to ensure long-term growth of the principal. Annual
awards are based on the rolling three-year average of investment
The overall philosophy,
recommended selection and retention of investment managers,
monitoring and evaluation of performance, and policies for
the distribution of investment earnings and spending are the
responsibility of the Investment Committee of the
Truman's assets are managed by the
investment firm of TIAA-CREF, one of the largest financial organizations
in the United States and a firm synonymous with education. TIAA-CREF has
more than $345 billion in assets under management, and receives the
highest ratings by services such as Moody's and Standard and Poor's.
For more information contact:
Office of Advancement, McClain
Hall 205, 100 E. Normal Ave., Kirksville, Mo. 63501-4221; Telephone:
(800) 452-6678 or (660) 785-4133; Fax (660) 785-7519.