Endowment Fund

Every year, your generosity and commitment to Queen’s University supports students, researchers, and our community. In 2021–2022, it did all that and so much more.

We believe that a university community can be a significant force for change. By championing equity and working towards greater sustainability in all we do, we are demonstrating our commitment to making a positive impact on our world.

Queen’s students, staff, faculty, alumni, and administration are aligned in our desire to respond to the world’s most urgent challenges, and the Queen’s Endowment is just one of many ways we are turning our values into action.

Through your continued support of the Endowment, you are helping to ensure that the Queen’s community can continue to make invaluable contributions both at home and abroad.

Thank you for your support of our university.

Patrick Deane Patrick Deane Principal

The Queen’s Endowment is in safe hands with the Investment Committee, as evidenced by its compounded annual return of 9.7% over the past 10 years. This outstanding performance has built a significant buffer, which is expected to help Queen’s maintain a generous payout rate, even through difficult times.

The committee endeavours to maintain our good performance over the long term. To achieve this goal, we believe it is important to be a responsible investor and to incorporate environmental, social, and governance (ESG) criteria into all of our investment processes. This is particularly important in today’s changing world and challenging investment environment. The committee has been working hard to adjust the asset mix to meet our long-term objectives to continue to have a lasting positive impact on the Queen’s community.

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

Total Assets

$1,409,000,000

as of April 30, 2022

$22,099,904

Total gifts and pledge Payments received to Endowed funds in the 2021–2022 fiscal year

Today, in a world in desperate need of a more tolerant society, I hope my gifts to Queen’s can help create a welcoming community that sees the strength in cultural diversity—in turn creating a generation of Queen’s graduates that will help shape our society for the better moving forward.

Rico Garcia, Artsci’13
9.7%

Annualized return over the past 10 years

  • Donors
    2,455
  • New Funds
    34
  • Financial Aid Disbursed
    $18,485,604
$491M

Distributed Over the past 15 years

This award has impacted me both financially and personally. I want to be involved in propelling our civilization towards a more sustainable future. I have been given this incredible opportunity of higher education, and I intend on making an impact with what I am learning.

Olivia Fowler, Artsci’22

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

*Source: 2020 CAUBO Investment Survey (>5000 students)

  • McGill University

    $52,371

  • Queen‘s University

    $45,483

  • University of Alberta

    $39,246

  • Dalhousie University

    $37,689

  • University of British Columbia

    $34,902

  • University of Calgary

    $32,323

  • University of Toronto

    $31,773

  • University of Manitoba

    $29,558

  • Western University

    $27,488

  • Simon Fraser University

    $26,998
$1.409B

Market Value of the Endowment After Distributions

(As of April 30, 2022)

YearValue
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
2021$1378M
2022$1409M

I am beyond grateful for your generous support in my educational pursuits here at Queen’s University. The positive experiences that I have encountered throughout my time so far would not have been possible without this assistance, which has pushed me beyond my limits and changed my life trajectory. Upon graduation, I will be the first in my family to have obtained a post-secondary degree. Your financial support is a gift that keeps giving.

Dalena Vo, Sc’23

Endowment Payout

Fiscal year is from May 1 to April 30.

  • $33M
    2017
  • $36M
    2018
  • $40M
    2019
  • $42M
    2020
  • $45M
    2021
  • $50M
    2022

Asset Mix (%)

(As of April 30, 2022)

AssetPercentage
Global Equity55.1%
Private Equity3.8%
Small Cap Equity6.5%
Canadian Fixed Income2.5%
Absolute Return Fixed Income8.2%
Infrastructure9.8%
Real Estate3.9%
Cash and Short Term Investments10.2%

In 2021-22, the Board of Trustees’ Climate Change Action Task Force recommended measures to lower the carbon footprint across the university’s investment portfolios.

As part of this commitment, by 2030, Queen’s will allocate at least 15% of the Endowment to the newly created Queen’s Climate Action Allocation, comprising investments across asset classes that are expected to outperform with the transition to a lower-carbon economy.

YearValue
20203%
20214.2%
20225.4%
20236.6%
20247.8%
20259%
202610.2%
202711.4%
202812.6%
202913.8%
203015%

Growth of $1,000 Invested in the Fund After Distributions

(As of April 30, 2022)

MonthEndowment $1788Inflation $1585
April 2000$1000$1000
May 2000$1030$1004
June 2000$1022$1011
July 2000$1015$1014
August 2000$1042$1013
September 2000$1058$1017
October 2000$1072$1019
November 2000$1064$1022
December 2000$1098$1023
January 2001$1086$1019
February 2001$1085$1024
March 2001$1081$1028
April 2001$1087$1035
May 2001$1109$1043
June 2001$1066$1044
July 2001$1086$1041
August 2001$1086$1041
September 2001$1062$1043
October 2001$1074$1038
November 2001$1099$1029
December 2001$1119$1031
January 2002$1106$1033
February 2002$1115$1039
March 2002$1131$1047
April 2002$1107$1053
May 2002$1107$1055
June 2002$1067$1057
July 2002$1038$1063
August 2002$1042$1068
September 2002$990$1068
October 2002$1000$1071
November 2002$1019$1074
December 2002$1016$1070
January 2003$983$1079
February 2003$961$1088
March 2003$959$1091
April 2003$986$1084
May 2003$1011$1085
June 2003$1011$1085
July 2003$1020$1086
August 2003$1021$1089
September 2003$1020$1091
October 2003$1036$1088
November 2003$1042$1091
December 2003$1085$1092
January 2004$1109$1093
February 2004$1130$1095
March 2004$1114$1099
April 2004$1113$1102
May 2004$1111$1111
June 2004$1117$1112
July 2004$1106$1111
August 2004$1103$1109
September 2004$1102$1111
October 2004$1107$1113
November 2004$1121$1117
December 2004$1152$1115
January 2005$1158$1114
February 2005$1178$1119
March 2005$1166$1125
April 2005$1165$1128
May 2005$1182$1129
June 2005$1187$1131
July 2005$1211$1133
August 2005$1208$1138
September 2005$1206$1147
October 2005$1176$1142
November 2005$1193$1140
December 2005$1214$1139
January 2006$1239$1145
February 2006$1232$1143
March 2006$1255$1149
April 2006$1251$1156
May 2006$1212$1161
June 2006$1211$1159
July 2006$1230$1160
August 2006$1244$1162
September 2006$1249$1156
October 2006$1280$1153
November 2006$1312$1156
December 2006$1334$1158
January 2007$1346$1158
February 2007$1342$1166
March 2007$1346$1176
April 2007$1362$1181
May 2007$1365$1186
June 2007$1354$1184
July 2007$1337$1185
August 2007$1323$1182
September 2007$1332$1184
October 2007$1344$1181
November 2007$1316$1184
December 2007$1309$1185
January 2008$1246$1183
February 2008$1234$1187
March 2008$1236$1192
April 2008$1273$1201
May 2008$1284$1213
June 2008$1230$1221
July 2008$1202$1225
August 2008$1206$1223
September 2008$1084$1224
October 2008$988$1212
November 2008$958$1207
December 2008$971$1199
January 2009$920$1196
February 2009$868$1204
March 2009$903$1206
April 2009$930$1205
May 2009$960$1214
June 2009$972$1218
July 2009$992$1214
August 2009$1016$1214
September 2009$1040$1214
October 2009$1012$1213
November 2009$1030$1219
December 2009$1049$1215
January 2010$1023$1218
February 2010$1030$1223
March 2010$1053$1223
April 2010$1055$1228
May 2010$1012$1231
June 2010$983$1230
July 2010$1016$1236
August 2010$1007$1235
September 2010$1043$1237
October 2010$1059$1242
November 2010$1048$1243
December 2010$1080$1243
January 2011$1091$1247
February 2011$1104$1250
March 2011$1101$1263
April 2011$1107$1268
May 2011$1101$1276
June 2011$1088$1268
July 2011$1067$1270
August 2011$1028$1273
September 2011$989$1276
October 2011$1029$1278
November 2011$1024$1279
December 2011$1026$1272
January 2012$1050$1277
February 2012$1070$1283
March 2012$1080$1288
April 2012$1070$1293
May 2012$1030$1292
June 2012$1051$1287
July 2012$1057$1286
August 2012$1063$1289
September 2012$1079$1291
October 2012$1079$1293
November 2012$1081$1290
December 2012$1098$1283
January 2013$1133$1284
February 2013$1154$1298
March 2013$1167$1301
April 2013$1180$1298
May 2013$1186$1302
June 2013$1166$1302
July 2013$1191$1303
August 2013$1181$1303
September 2013$1202$1305
October 2013$1241$1302
November 2013$1256$1302
December 2013$1271$1298
January 2014$1266$1303
February 2014$1294$1313
March 2014$1301$1321
April 2014$1311$1325
May 2014$1320$1331
June 2014$1331$1332
July 2014$1330$1330
August 2014$1351$1330
September 2014$1333$1331
October 2014$1341$1332
November 2014$1366$1327
December 2014$1365$1317
January 2015$1400$1315
February 2015$1433$1327
March 2015$1430$1337
April 2015$1415$1335
May 2015$1440$1343
June 2015$1414$1346
July 2015$1448$1347
August 2015$1409$1347
September 2015$1386$1345
October 2015$1414$1346
November 2015$1422$1345
December 2015$1425$1339
January 2016$1400$1342
February 2016$1380$1345
March 2016$1404$1353
April 2016$1399$1358
May 2016$1427$1363
June 2016$1427$1366
July 2016$1456$1364
August 2016$1463$1362
September 2016$1465$1363
October 2016$1459$1366
November 2016$1466$1361
December 2016$1481$1359
January 2017$1478$1370
February 2017$1504$1372
March 2017$1514$1375
April 2017$1527$1380
May 2017$1538$1381
June 2017$1514$1380
July 2017$1504$1380
August 2017$1511$1381
September 2017$1522$1384
October 2017$1547$1385
November 2017$1559$1389
December 2017$1560$1384
January 2018$1570$1394
February 2018$1551$1402
March 2018$1542$1406
April 2018$1547$1411
May 2018$1559$1412
June 2018$1565$1414
July 2018$1579$1421
August 2018$1586$1420
September 2018$1577$1415
October 2018$1524$1419
November 2018$1540$1413
December 2018$1495$1412
January 2019$1533$1414
February 2019$1556$1423
March 2019$1572$1433
April 2019$1587$1439
May 2019$1558$1446
June 2019$1581$1442
July 2019$1581$1450
August 2019$1575$1448
September 2019$1585$1441
October 2019$1588$1446
November 2019$1615$1443
December 2019$1622$1443
January 2020$1625$1448
February 2020$1569$1454
March 2020$1448$1446
April 2020$1536$1436
May 2020$1570$1440
June 2020$1575$1452
July 2020$1613$1452
August 2020$1646$1450
September 2020$1629$1449
October 2020$1598$1455
November 2020$1698$1457
December 2020$1732$1454
January 2021$1728$1462
February 2021$1756$1470
March 2021$1792$1477
April 2021$1817$1485
May 2021$1827$1492
June 2021$1865$1496
July 2021$1873$1506
August 2021$1894$1509
September 2021$1866$1512
October 2021$1900$1523
November 2021$1898$1526
December 2021$1940$1524
January 2022$1885$1538
February 2022$1860$1553
March 2022$1871$1576
April 2022$1788$1585

Thank you

Investment Committee Members

Chair

  • J. Keohane

Vice-Chair

  • T. Mattina

Secretary

  • B. O’Neill

Ex Officio

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

Appointed

  • M. Brophy
  • J. Keohane
  • S. Lawrence
  • C. Matthews
  • T. Mattina
  • D. Raymond
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