Mission

To manage, in a fiduciary manner, the portfolio of assets held by the Missouri State University Foundation.

Goal

The Long-Term Objective of the Endowment, as determined by the Finance Committee, is to achieve a total return equivalent to or greater than the Endowment's financial requirements over the Time Horizon. The Investment Committee has determined that an investment Time Horizon of fifty to one hundred years is appropriate. The Endowment's financial requirements are the sum of the Spending Rate, the long-term inflation rate, the aggregate costs of portfolio management, and any growth factor, which the Finance Committee may, from time to time determine appropriate. The Finance Committee has selected a Policy Asset Allocation designed to achieve a return equal to or greater than the Long-Term Objective. The Investment Committee has determined that the Long-Term Objective is a 9.4 percent annual return. The excess return over the Long-Term Objective is designed both to reduce the probability of missing the Long-Term Objective and to provide for growth of the Endowment.

General investment considerations are risk, liquidity, Time Horizon, and taxes. The Finance Committee seeks to limit the overall level of risk consistent with the Policy Asset Allocation. The Endowment does not have an ongoing need for liquidity, therefore, the Endowment does not have an allocation to cash or cash equivalents. The Endowment has an infinite life.