University of Richmond Endowment

University of Richmond (UR Endowment) manages an endowment fund based in Richmond, Virginia. The earnings from endowment investments support scholarships, operating budget, financial aid, staff support, fellowships, basic research as well as academics. The university's endowment is managed by Spider Management Company. The endowment includes both donor-restricted endowment funds and funds designated by the university's board to function as endowments. The assets of the fund are managed and governed by the board of trustees.The University of Richmond Endowment's investment portfolio is valued at $2.51 billion, with investments in private equity, real estate, domestic and international equity, fixed income, and cash.