The University's Endowment Pool contains gifts, bequests and other funds directed to be used to support a University program in perpetuity. The Endowment Pool is managed to provide ongoing support of endowed programs in perpetuity, in conformance with donor stipulations. To accomplish this, investment returns, net of inflation, should be sufficient over time to cover annual spending distributions and expenses while maintaining or growing the underlying purchasing power of each endowed gift. The Endowment Pool is diversified across appropriate asset classes to reduce overall risk. The Pool’s investments are managed by professional money managers and supervised by the Office of the Treasurer.