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 > TARGET #1: Increase assets under management (AUM) in Alaska’s three 529 college savings plans offered by the Education Trust of Alaska to $9.25 billion by FY20.	A1: Provide resources for families to fund education, qualifying for better jobs and more opportunities.  Details >
Mission Results	Core Services
B: Maintain strong investment returns for UA Foundation  Details > TARGET #1: The long-term investment return target is 5% plus CPI-U (Consumer Price Index, All Urban Consumers) inflation factor.	B1: Manage and invest donations for the exclusive benefit of the University of Alaska.  Details >
Mission Results	Core Services
C: Increase the number of alumni donors to UA  Details > TARGET #1: Increase the 5 year rolling average of the number of alumni donors to the University of Alaska by 3% per year.	C1: Secure and steward philanthropic support.  Details >

Performance Detail

Target #1: Increase assets under management (AUM) in Alaska’s three 529 college savings plans offered by the Education Trust of Alaska to $9.25 billion by FY20. Methodology: Assets under management include 529 accounts in the 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 Observed Target FY 2020 9,250 +4.99% FY 2019 8,810 FY 2018 8,394 +7.41% FY 2017 7,815 Analysis of results and challenges: Assets under management include 529 accounts in the 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 Observed Target FY 2020 7.5% FY 2019 7.5% FY 2018 7.9% FY 2017 14.3% Analysis of results and challenges: The University of Alaska Foundation Consolidated Endowment Fund (UAFCEF) significantly outperformed the target benchmark in FY17, consistent with strong returns for major financial market indices and other large institutional endowments. In FY18, the UAFCEF came very close to the target return of 7.9% (5% plus 2.9% CPI-U inflation factor for the period). The main challenges for this performance indicator are the volatility of financial markets and estimating the future rate of inflation, which is projected at 2.5% for FY19-20.

Target #1: Increase the 5 year rolling average of the number of alumni donors to the University of Alaska by 3% per year. Methodology: Five year rolling average number of alumni donors through June 30th each year. Number of Alumni Donors Fiscal Year Observed Target FY 2020 3,091 +3% FY 2019 3,001 FY 2018 2,914 +5.01% FY 2017 2,775 Analysis of results and challenges: In FY18, the five year rolling average of alumni donors increased for UAF and UAS (14% and 35% respectively) and decreased for UAA by 6%. The challenge is to increase the number of alumni donors throughout the UA system.

Current as of February 7, 2019