UI reaches $1 billion mark in investments

BY DI STAFF | FEBRUARY 09, 2011 7:10 AM

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The University of Iowa’s endowment have surpassed the $1 billion mark for the first time in the university’s history.

“We are delighted to have surpassed that mark,” said Lynette Marshall, the head of the UI Foundation at the Faculty Senate meeting Tuesday. Marshall recieved the information 10 days ago in the December investment report.

Of the 865 universities that recorded endowments as of June 30, more than 60 had exceeded the $1 billion mark, she said.

The university was close to reaching $1 billion three years ago, Marshall said, but the recession prevented that.

— by Alison Sullivan

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