You imagine what’s possible when you give to CU.

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2023 fiscal year financial report

Your generosity is an investment in the University of Colorado and in our society’s future.
Thank you for your passion for CU and your vision for what’s important to you.

Here’s how donors like you helped us imagine greater possibilities in 2023.

$435.6 million

That’s how much donors gave collectively in fiscal year 2023 to improve lives across our four campuses, in Colorado and beyond.

66,894 gifts

Your philanthropic partnership with CU ensures we continue to be a strategic solution in our world: Students attend and stay in college and then graduate to find meaningful careers and contribute to their communities. Researchers make astonishing breakthroughs that lift humanity. Creative minds stir our spirits through inventive arts and culture. And health care professionals advance tomorrow’s life-changing discoveries.

Last year, you gave in these areas:

$52 million

to support student scholarships and fellowships

$144 million

to catalyze research and discovery

$35 million

to attract and retain the brightest faculty

$245 million

to transform health, health care and lifesaving efforts

Every gift matters. Here’s who gave last year.

Last year, more than 94% of gifts were less than $2,500.


That was the average gift size last year. Gifts are large and small, and each one has an impact on someone’s life.  

45,909 donors

Support for CU’s campuses comes from all areas of our communities, state and world.

Who are our donors?

Last year, we were grateful to receive support from:

16,106 alumni
9,420 friends
2,964 parents
2,052 corporations and foundations
953 faculty and staff

You imagine a bright future with your investments in CU.

You give to create a better tomorrow. Gifts that establish and support endowments are investments in that future because they produce reliable funding for decades to come. CU’s collective endowment comprises thousands of individual endowments that, like current gifts, are directed toward a specific purpose directed by the donor. They include scholarships, faculty chairs, new programs and more.

$2.1 billion endowment value

CU’s endowment was valued at $2.1 billion to end fiscal year 2023. Here are the endowment’s values in recent years. (Values are in billions as of June 30 each year.)

3,443 total endowments benefit CU.

145 new endowments were created by donors last year.

$62 million was given to endowments last year.

A bar chart showing CU's endowment value over the last 5 years. 2023: $2.1 billion, 2022: $2.0 billion, 2021: $2.1 billion, 2020: $1.5 billion, 2019: $1.5 billion.
A donut chart showing how the endowment is invested in the Long Term Investment Pool (LTIP). Global public equities: 42%, global hedge funds: 11%, global private capital: 27%, fixed income and cash: 7%, real assets: 13%

How the endowment is invested

The endowment is invested in the Long Term Investment Pool, or LTIP, which is broadly diversified across asset classes with a long-term horizon in mind. Here’s how the LTIP was invested in fiscal year 2023.

Global Public Equities (42%)
Global Private Capital (27%)
Real Assets (13%)
Global Hedge Funds (11%)
Fixed Income and Cash (7%)

CU investments vs. policy benchmark

Here is the LTIP’s return compared to its policy benchmark. In fiscal year 2023, the LTIP returned a gain of 7.81% (net of fees) compared to a gain of 12.97% for our policy benchmark.

Policy Benchmark
A bar chart showing LTIP returns versus the policy benchmark at 3, 7, 10 and 15 years. Over the last 3 years, LTIP returns were at 11.4% versus the benchmark at 8.0%. Over the last 7 years, LTIP returns were at 10.1% versus the benchmark at 8.2%. Over the last 10 years, LTIP returns were at 8.9% versus the benchmark at 7.6. Over the last 15 years, LTIP returns were at 7.3% versus the benchmark at 6.4%.

The Policy Benchmark, effective FY 2018, is a blend of 80% MSCI ACWI (equities) and 20% Barclays US Aggregate Bond Index (fixed income). Depending on the return period presented, historical benchmarks of 40% Russell 3000, 40% MSCI EAFE and 20% Barclays US Agg (FY 2009 – 2017) and 50% Russell 3000, 30% Barclays US Agg and 20% MSCI EAFE (fund inception – FY 2008) are components of the policy benchmark as applicable.

A donut chart showing the distribution of funds transferred to CU from the CU Foundation. Academic support: 34%, advancement support: 14%, scholarships: 13%, chairs, professorships and other faculty support: 11%, research: 11%, capital projects: 11%, public service, administration, library and other support: 3%, athletics: 3%.

$256 million

Total transferred to CU from the CU Foundation

Academic support (34%)
Advancement support (14%)
Scholarships (13%)
Chairs, professorships and other faculty support (11%)
Research (11%)
Capital projects (11%)
Public service, administration, library and other support (3%)
Athletics (3%)

Audited financials

Find out more about philanthropic investments in CU by downloading our audited financials for fiscal year 2023.