While at any time during the fiscal year a fund may go into deficit, by the end of the fiscal year, any fund with a deficit equal to or in excess of $1,000 in cash must be made whole by some other appropriate funding source. This recovery means that Stanford Athletics' dedicated endowments, including the DAPER Investment Fund, are more strongly positioned and additional resources can be drawn from them to support athletics programs as private fundraising efforts ramp up. 6. Payout may be made from True Endowment without limitation to income as long as the payout rate is prudently established and the gift terms do not provide otherwise. A dedicated staff focused on Athletics, alongside fundraising professionals across the institution, will work with alumni, parents and friends of Stanford Athletics to increase philanthropic support and create endowments benefitting scholarships, coachships, individual sports and Athletics priorities. Recent gifts have included programmatic funds and coachships for multiple sports, including wrestling, field hockey, men's volleyball, women's basketball and baseball. . We are committed to supporting 36 sports at the varsity level, including these 11 sports. Fans and former student-athletes rally to support varsity sports PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Synfora CEO, Founder, Key Executive Team, Board of Directors & Employees The sleeves were 6 inches too short for the 6-foot-4 senior. In recent months, Stanford alumni have demonstrated new, vigorous and broad-based philanthropic interest in Stanford Athletics. Also included in this category is the Universitys net equity in split interest agreements, expendable at maturity. Endowment created at the request of a donor, but intended to be fully spent down on a timeline established by the donor. Marc was previously with The Carlyle Group where he worked on acquiring over $800 million of commercial real estate assets, with CW Capital where he closed over $600 million of first mortgage and sub-debt investments across all property types, and with Deutsche Bank where he originated and underwrote over $200 million of commercial real estate investments across the capital stack. In the spring, budget officers prepare high-level income and expense forecasts for the following year. 11. Plant Funds are funds that have been received or designated by the Trustees for facilities and retirement of indebtedness. This recovery means that Stanford Athletics dedicated endowments, including the DAPER Investment Fund, are more strongly positioned and additional resources can be drawn from them to support athletics programs as private fundraising efforts ramp up. Mike has over 15 years of commercial real estate experience, with a focus on origination, underwriting and asset management assignments across all asset classes, and across debt and equity investing, within the US. America, 3) Truckee Gaming LLC, operator of local casinos in Nevada and 4) the DAPER Investment Fund, a co-investment fund with the Stanford Management Company for the benefit of the Stanford . Michael joined Coleman Andrews in 2007 in the formative stages of RMWC and was closely involved in the construction of the multi-strategy vehicle in 2011, and served as its Director of Research from 2012 launch through March 2020. The budget process is directed by the University Budget Office. 4. The fund has grown from $300,000 to $40 million since its creation in 1982. Information on rate calculations and policy is available on the DoResearch website. Stanford University Investment Performance Summary As of December 31, 1976 (Becker Securities Corporation) Box 8, Folder 8 Facilities Plan and Capital Funding Forecast 1975 to 1980 (March 1975) Box 8, Folder 9 Facilities Plan and Capital Funding Forecast 1976 to 1981 (April 1976) Box 8, Folder 10