LettersP.O. Box 932
Lexington, Virginia 24450 Packages304 Letcher Avenue
Lexington, Virginia 24450 P: 800-444-1839P: 540-464-7287F: 540-464-4545
At the end of Fiscal Year 2009, the market value of the VMI Endowment was $234.7 million. At the end of the next four fiscal years, the value has been:
YearValue (In millions of $)FY 2010$266.1FY 2011$315.8FY 2012$300.4FY 2013$328.6
Thus, the value of the VMI Endowment from FY 2009 to FY 2013 has increased by $93.9 million or 40%.
First, by adhering to a sound, long-term investment strategy that protects against market volatility as much as possible. Second, more growth in the endowment would allow VMI Investment Holdings LLC to reduce the distribution rate and return more funds to the endowment’s corpus.
Another way is by adding to the corpus through successful fundraising. In this regard, the trend in fundraising is positive. In Fiscal Year 2013, the VMI Family gave more than $100 million in gifts and commitments in support of the Institute, and many of these gifts and commitments are earmarked for new and existing endowments.