Performance Details

University of Alaska - Enterprise Entities

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Mission

The Enterprise Entities Unit includes the University of Alaska (UA) Foundation and the Education Trust of Alaska. The UA Foundation supports the university and its students through soliciting, managing, and investing donations for student aid and program support. The Education Trust of Alaska operates a college savings plan in accordance with Internal Revenue Code 529 to promote attendance at the University of Alaska and help individuals save and invest for their college education.

Core Services

• Provide resources for families to fund education, qualifying for better jobs and more opportunities.
• Manage and invest donations for the exclusive benefit of the University of Alaska.
• Secure and steward philanthropic support.

Mission Results	Core Services
A: Increase assets under management by ETA  Details >	A1: Provide resources for families to fund education, qualifying for better jobs and more opportunities.  Details > TARGET #1: Increase assets under management (AUM) in Alaska’s three 529 college savings plans offered by the Education Trust of Alaska.
Mission Results	Core Services
B: Maintain strong investment returns for UA Foundation  Details >	B1: Manage and invest donations for the exclusive benefit of the University of Alaska.  Details > TARGET #1: The long-term investment return target is 5% plus CPI-U (Consumer Price Index, All Urban Consumers) inflation factor.
Mission Results	Core Services
C: Increase the number of alumni donors to UA  Details >	C1: Secure and steward philanthropic support.  Details > TARGET #1: Increase the 5 year rolling average of the number of alumni donors to the University of Alaska.

Performance Detail

Target #1: Increase assets under management (AUM) in Alaska’s three 529 college savings plans offered by the Education Trust of Alaska. Methodology: Assets under management include 529 accounts in the Alaska 529 (formerly University of Alaska College Savings Plan), the T. Rowe Price College Savings Plan and the John Hancock 529 Plan. Education Trust of Alaska Assets Under Management (in millions) Fiscal Year YTD Total FY 2019 8,769 +4.47% FY 2018 8,394 +7.41% FY 2017 7,815 Analysis of results and challenges: Assets under management include 529 accounts in the Alaska 529 (formerly University of Alaska College Savings Plan), the T. Rowe Price College Savings Plan and the John Hancock 529 Plan.

Target #1: The long-term investment return target is 5% plus CPI-U (Consumer Price Index, All Urban Consumers) inflation factor. Methodology: Reports the total annual rate of return, net of investment fees as of June 30 of each year for the University of Alaska Foundation Consolidated Fund, LP. Consolidated Endowment Fund Investment Returns Fiscal Year YTD Total FY 2019 5.5% FY 2018 8.5% FY 2017 14.3% Analysis of results and challenges: The University of Alaska Foundation Consolidated Endowment Fund (UAFCEF) outperformed the long-term investment return objective benchmark in both FY17 and FY18. In FY19, the UAFCEF underperformed the benchmark of 6.7% (5% plus 1.7% CPI-U inflation factor for the period) due primarily to portions of the investment portfolio allocated to Non-U.S. assets and energy sector, which detracted from stronger returns in other asset classes. The main challenge for this performance indicator is achieving the desired rate of return on the annual basis while seeking to maintain a stable long-term asset mix and diversified portfolio.

Target #1: Increase the 5 year rolling average of the number of alumni donors to the University of Alaska. Methodology: Five year rolling average number of alumni donors through June 30th each year. Number of Alumni Donors Fiscal Year YTD Total FY 2019 2,816 -3.36% FY 2018 2,914 +5.01% FY 2017 2,775 Analysis of results and challenges: In FY19, a majority of philanthropic gifts intended to support KUAC (UAF) were received by a separate non-profit. As a result the absolute number of alumni donors dropped (not the rolling average). The challenge is to acquire new alumni donors to restore that benchmark.

Current as of November 18, 2019