The endowment is a savings and investment account, which produces annual income that supports TCU's annual operating budget. Most of the money is restricted for designated purposes across campus.
The operating budget for Fiscal Year 2015 is $547 million. With a Board-approved payout to the operating budget, the endowment currently provides about $58 million in budget support, or about 11 percent of the budget. Should part of the endowment be spent, it would result in a loss of essential investment income — not just for one year, but also for every year to come.
The size of the endowment is a signal of the strength of an institution. The University’s investments total about $1.4 billion. The TCU Endowment Fund has been nationally recognized as one of the best managed institutional investors in the country.