Performance Details

University of Alaska - Enterprise Entities

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Mission

The University of Alaska inspires learning, and advances and disseminates knowledge through teaching, research, and public service, emphasizing the North and its diverse peoples.

University of Alaska Mission Statement
Board of Regents' Policy 01.01.010
Adopted 10-06-00

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 2020 8,976 +2.36% FY 2019 8,769 +4.47% FY 2018 8,394 Analysis of results and challenges: Assets under management (in millions) for the Education Trust of Alaska were $8,976 as of 6/30/20, an increase of 2.36% over prior year. AUM reflect only moderate growth due to COVID-19 investment declines primarily during February - March, 2020.

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 2020 2.13% FY 2019 5.5% FY 2018 8.5% Analysis of results and challenges: The University of Alaska Foundation Consolidated Endowment Fund (UAFCEF) underperformed the long-term investment return objective benchmark in both FY19 and FY20 and outperformed it in FY18. The trailing 3-year investment return, net of fees, was 5.3%. The main challenge for this performance indicator is being able to achieve the desired rate of return every year while pursuing a long-term investment strategy and portfolio diversification. In FY20, the financial markets experienced a lot of volatility; most broad equity indices ventured into the negative return territory in the 1st calendar quarter of 2020, only to be followed by one of best performing quarters on record from April to June of 2020.

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 2020 2,642 -6.18% FY 2019 2,816 -3.36% FY 2018 2,914 Analysis of results and challenges: FY20 declines can be attributed to staffing vacancies within the development/alumni functions and the pandemic creating widespread economic uncertainty.

Current as of December 22, 2020