Queen's University Annual Endowment Fund


In 2019-2020, great things happened because you believed in Queen’s.


Institutions of higher education draw life from the communities that surround and support them. They exist, in part, because of people such as you who believe that education is a shared responsibility, and that academic pursuits must be nurtured.

By entrusting your assets to the Queen’s Endowment you signal your commitment to our future. Your contribution will help build a better university for future generations in ways that we can only imagine today.

Thank you.

Patrick Deane Patrick Deane Principal and Vice-Chancellor

The Queen’s Investment Committee works to protect donor capital from the ups and downs of the markets, so that the Board of Trustees can continue to fund vital programs such as scholarships, student assistance, academic chairs, and research, while also preserving capital for future generations.

Prudent risk management and sensible asset allocation have never been more important than they are today.

This past year, our committee positioned the Queen’s Endowment portfolio defensively, which ensured that by the end of April 2020, the Endowment substantially recovered its first-quarter losses.

On behalf of the Queen’s Investment Committee, thank you for your confidence and partnership.

Jim Keohane Jim Keohane Chair, Investment Committee of the Board of Trustees

Total Assets

$1,131,000,000

As of April 30, 2020

$24,933,625

Total gifts and pledge Payments received to Endowed funds in the 2019-2020 fiscal year

  • Smith School of Business $6,916,712
  • Faculty of Arts and Science $4,859,158
  • Campus Wide $4,698,870
  • Faculty of Health Sciences $4,368,903
  • Faculty of Engineering and Applied Science $3,263,988
  • Faculty of Law $724,470
  • Faculty of Education $58,469
  • School of Graduate Studies $43,056

My goal in establishing a prize was not just to honour my professor for the incredible contribution that he made to my life but, more importantly perhaps, to remind students that, as they go forward in the advancement of their own careers, to never underestimate the power of giving to others.

Jeff Mitz, Com’74 Queen’s parent and creator of the Dr. Robert Crandall Prize

7.2%

Annualized return over the past 20 years

  • Number of Gifts and Pledge Payments to Endowment 7,749
  • Number of Donors 3,244
  • Number of New Funds 41
  • Total Disbursed for Financial Aid $16,341,129
$442M

Distributed Over the past 15 years

Receiving my student award has made an immense difference to my university experience. Having the opportunity to be part of such a wonderful community and having the ability to dive right into it without my financial situation holding me back has been one of the best experiences of my life, and I will make the most out of every opportunity it gives me to do right by it. Thank you.

Connor Legg, Sc’23

Second-highest funds per full-time equivalent student among Canadian universities*

*Source: 2018 CAUBO Investment Survey (>5000 students)

$1.13B

Market value of the endowment

(As of April 30, 2020, after distributions)

YearValue
2000$307M
2001$412M
2002$446M
2003$413M
2004$462M
2005$515M
2006$572M
2007$648M
2008$625M
2009$473M
2010$566M
2011$613M
2012$611M
2013$694M
2014$787M
2015$896M
2016$919M
2017$1028M
2018$1075M
2019$1137M
2020$1131M

Financial aid to me meant opportunities outside of my comfort zone. It meant I could take chances and study something I was interested in. It gave me a purpose. After my undergraduate degree, I plan to study the law. When I look at Queen’s, I see a community of people full of opportunities. Because of generous donors, I was able to make my dreams into a reality.

Amalia Toner, Artsci’22

Endowment Payout

Payout excludes funds withdrawn to support university operations. Fiscal year is from May 1 to April 30.

  • $27M
    2015
  • $30M
    2016
  • $33M
    2017
  • $36M
    2018
  • $40M
    2019
  • $42M
    2020

Asset Mix (%)

(At April 30, 2020)

AssetPercentage
Global Equity51.13%
Canadian Equity10.21%
Private Equity4.8%
Small Cap Equity6.1%
Canadian Fixed Income8.28%
Absolute Return Fixed Income6.4%
Infrastructure6.55%
Real Estate2.66%
Cash and Short Term Investments3.9%

Growth of $1000 Invested in the Fund

(As of April 30, 2020, after distributions)

MonthEndowment $$1518Inflation $1467
April 1999$1000$1000
May 1999$986$1002
June 1999$999$1004
July 1999$996$1006
August 1999$986$1009
September 1999$955$1012
October 1999$972$1013
November 1999$980$1012
December 1999$996$1013
January 2000$963$1011
February 2000$947$1017
March 2000$987$1025
April 2000$988$1022
May 2000$1018$1026
June 2000$1009$1032
July 2000$1003$1036
August 2000$1030$1035
September 2000$1045$1039
October 2000$1059$1041
November 2000$1051$1044
December 2000$1085$1045
January 2001$1073$1041
February 2001$1072$1046
March 2001$1068$1050
April 2001$1074$1057
May 2001$1096$1066
June 2001$1053$1067
July 2001$1073$1064
August 2001$1073$1064
September 2001$1049$1066
October 2001$1061$1061
November 2001$1086$1051
December 2001$1105$1053
January 2002$1093$1055
February 2002$1102$1062
March 2002$1117$1069
April 2002$1093$1076
May 2002$1094$1078
June 2002$1054$1080
July 2002$1026$1086
August 2002$1029$1091
September 2002$978$1091
October 2002$988$1094
November 2002$1007$1097
December 2002$1004$1093
January 2003$971$1103
February 2003$949$1111
March 2003$947$1115
April 2003$974$1107
May 2003$999$1108
June 2003$999$1108
July 2003$1008$1109
August 2003$1009$1112
September 2003$1007$1115
October 2003$1023$1111
November 2003$1030$1115
December 2003$1072$1116
January 2004$1095$1117
February 2004$1117$1119
March 2004$1101$1123
April 2004$1100$1125
May 2004$1098$1135
June 2004$1104$1136
July 2004$1092$1135
August 2004$1090$1133
September 2004$1089$1135
October 2004$1094$1137
November 2004$1108$1142
December 2004$1138$1139
January 2005$1144$1138
February 2005$1164$1143
March 2005$1152$1149
April 2005$1151$1152
May 2005$1168$1154
June 2005$1173$1156
July 2005$1196$1158
August 2005$1193$1162
September 2005$1191$1172
October 2005$1161$1166
November 2005$1179$1164
December 2005$1199$1163
January 2006$1224$1170
February 2006$1217$1168
March 2006$1240$1174
April 2006$1236$1181
May 2006$1197$1186
June 2006$1196$1184
July 2006$1215$1185
August 2006$1229$1187
September 2006$1234$1181
October 2006$1264$1178
November 2006$1296$1181
December 2006$1318$1183
January 2007$1330$1183
February 2007$1325$1191
March 2007$1330$1201
April 2007$1346$1206
May 2007$1349$1212
June 2007$1338$1210
July 2007$1321$1211
August 2007$1307$1208
September 2007$1316$1210
October 2007$1328$1206
November 2007$1300$1210
December 2007$1294$1211
January 2008$1231$1209
February 2008$1219$1213
March 2008$1221$1217
April 2008$1258$1227
May 2008$1269$1239
June 2008$1216$1248
July 2008$1188$1252
August 2008$1191$1250
September 2008$1071$1251
October 2008$976$1238
November 2008$947$1234
December 2008$959$1225
January 2009$909$1222
February 2009$857$1230
March 2009$892$1232
April 2009$919$1231
May 2009$948$1240
June 2009$961$1244
July 2009$980$1240
August 2009$1004$1240
September 2009$1027$1240
October 2009$1000$1239
November 2009$1017$1245
December 2009$1037$1241
January 2010$1010$1244
February 2010$1018$1250
March 2010$1041$1250
April 2010$1042$1254
May 2010$999$1257
June 2010$971$1256
July 2010$1003$1263
August 2010$995$1262
September 2010$1031$1264
October 2010$1047$1269
November 2010$1036$1270
December 2010$1067$1270
January 2011$1078$1274
February 2011$1090$1277
March 2011$1087$1291
April 2011$1093$1295
May 2011$1088$1304
June 2011$1075$1295
July 2011$1054$1297
August 2011$1015$1301
September 2011$977$1304
October 2011$1017$1306
November 2011$1012$1307
December 2011$1014$1299
January 2012$1038$1305
February 2012$1057$1310
March 2012$1067$1316
April 2012$1057$1321
May 2012$1017$1320
June 2012$1038$1315
July 2012$1045$1314
August 2012$1050$1317
September 2012$1066$1319
October 2012$1066$1321
November 2012$1068$1318
December 2012$1085$1310
January 2013$1120$1311
February 2013$1140$1326
March 2013$1153$1329
April 2013$1165$1326
May 2013$1172$1330
June 2013$1152$1330
July 2013$1177$1331
August 2013$1167$1331
September 2013$1187$1333
October 2013$1226$1330
November 2013$1241$1330
December 2013$1256$1326
January 2014$1251$1331
February 2014$1279$1342
March 2014$1286$1349
April 2014$1296$1354
May 2014$1304$1360
June 2014$1314$1361
July 2014$1314$1359
August 2014$1334$1359
September 2014$1317$1360
October 2014$1325$1361
November 2014$1350$1356
December 2014$1348$1346
January 2015$1383$1344
February 2015$1416$1356
March 2015$1413$1365
April 2015$1398$1364
May 2015$1423$1372
June 2015$1397$1375
July 2015$1430$1376
August 2015$1392$1376
September 2015$1369$1374
October 2015$1397$1375
November 2015$1405$1374
December 2015$1408$1368
January 2016$1383$1371
February 2016$1363$1374
March 2016$1387$1383
April 2016$1382$1387
May 2016$1410$1392
June 2016$1410$1396
July 2016$1438$1394
August 2016$1445$1391
September 2016$1448$1392
October 2016$1442$1396
November 2016$1448$1390
December 2016$1463$1388
January 2017$1460$1400
February 2017$1486$1402
March 2017$1495$1404
April 2017$1508$1410
May 2017$1519$1411
June 2017$1496$1410
July 2017$1486$1410
August 2017$1493$1411
September 2017$1504$1414
October 2017$1529$1415
November 2017$1540$1419
December 2017$1541$1414
January 2018$1551$1424
February 2018$1532$1432
March 2018$1524$1437
April 2018$1528$1441
May 2018$1540$1442
June 2018$1546$1444
July 2018$1560$1452
August 2018$1567$1451
September 2018$1558$1445
October 2018$1506$1450
November 2018$1522$1443
December 2018$1477$1442
January 2019$1514$1444
February 2019$1537$1454
March 2019$1553$1464
April 2019$1568$1470
May 2019$1539$1477
June 2019$1561$1474
July 2019$1562$1481
August 2019$1556$1479
September 2019$1566$1472
October 2019$1568$1477
November 2019$1595$1475
December 2019$1603$1475
January 2020$1605$1479
February 2020$1550$1485
March 2020$1431$1477
April 2020$1518$1467

Thank you


Investment Committee Members

Chair

  • J. Keohane

Vice-Chair

  • T. Mattina

Secretary

  • B. O’Neill

ExOfficio

  • P. Deane
  • D. Janiec
  • J. Leech
  • M. Wilson Trider

Appointed

  • J. Keohane
  • S. Lawrence
  • C. Lynch
  • C. Matthews
  • T. Mattina
  • D. Raymond
  • D. Sharpe