Menu
Menu
UC InvestmentsLess is More
The Products
00The Endowment
We have been investing the endowment for 91 years.
The endowment is $21 billion in assets, divided among 6,741 funds.
It supports 294,309 UC students.
The 2023 payout to campuses is $625 million.
2022/2023 Fiscal Year
- Gross return: 8.9%
- Net return: 8.2%
- 30-year annualized net return: 8.8%
Since 2014, this amounts to $1.7 billion in value added (over the benchmark) with asset growth of $13 billion, $7.2 billion in deposits from campuses, and $808 million in fees saved.
Investing for the long-term
UC Endowment 1993—2023$ Billions
The Pension
- We have been investing the pension for 63 years.
- The pension stands at $88 billion.
- Supporting 258,485 members, 52.2% of them active.
Employer contribution: 14%- Employee contributions: 7% to 9%
2022/2023 Fiscal Year
- Gross return: 10.5%
- Net return: 10.1%
- 30-year annualized net return: 8%
- Funded ratio (actuarial): 83%
- Discount Rate: 6.75%
Since 2014, we added $0.84 billion in value (over the benchmark) and grew assets by $36 billion while saving $1.9 billion in fees.
Investing for the long-term
UC Pension 1993—2023$ Billions
The UC Retirement Savings Program
- The Retirement Savings plan serves 335,000+ members, making it the second largest U.S. public defined contribution plan, behind the federal government.
- The plan offers participants the best choices at the lowest cost of any plan in the nation.
- Total assets: $33.7 billion across three plans.
2022/2023 Fiscal Year
- We make investing for retirement simple. Since 2014, we’ve streamlined investment choices from 75 to 14.
- We are always innovating. We have launched a low-cost way to guarantee an uninterrupted income stream for participants 78 and older.
- We made the investment fund lineup fossil free, with an industry leading management fee of 0.05%.
Since 2014, we’ve added $521 million in value (over the benchmark) for our participants, saved them $96 million in fees, and grown assets by $13.9 billion.
Investing for the long-term
UC Retirement Savings Program 1993—2023$ Billions
Working Capital
- We have been investing working capital for 48 years.
- Working capital is $18.7 billion: $5.2 billion in short-term and $13.5 billion in total return.
- Our 10 campuses and five medical centers rely on working capital to pay for the mission-critical projects and programs that make UC the gold standard of U.S. public universities.
2022/2023 Fiscal Year
- Total Return
- Gross return: 8.6%
- Net return: 8.6%
- 10-year annualized net return: 5.3%
- Short-Term
- Gross return: 3.9%
- Net return: 3.9%
- 30-year annualized net return: 3.6%
Investing for the long-term
UC Total Return 2009—2023; Short-Term 1993—2023$ Billions