Investment Office Business Affairs Artificial Intelligence Biotechnology Computer Science Cybersecurity Data Analytics and Visualization Digital Marketing and Media Mathematics Occupational Therapy Physician Assistant Physics Speech-Language Pathology The Endowment Office is responsible for investing the University's cash assets in order to finance YU's long-term needs. Frequently Asked Questions How are investments decisions made and approved? The Endowment Office recommends potential investment decisions to the Yeshiva University Investment Committee (IC), a committee composed of University lay leaders who are investment industry participants. The IC must approve investment decisions of the Endowment Office. Does the Endowment have a conflict-of-interest policy? Yes, a conflict-of-interest policy is in place. This policy is monitored by both internal and external counsel. Is the Endowment managed for the short-term or long-term cash needs of the University? Both. Although the majority of the endowment is managed with a long-term view of the University's needs, a small portion of the endowment is budgeted to fund the University's current spending. Does the Endowment Office consider social responsibility as part of its investment selection process? Yes, social responsibility is among the criteria that are utilized used when determining the appropriate investments. What asset classes and strategies are used by the Endowment Office? The Endowment can be invested in many different asset classes and strategies, depending on market sentiment and market conditions. What is the liquidity of the Endowment's investments? The Endowment has both liquid and less than liquid investments in its portfolio. What is the Endowment's target return? The University does not have a target return for the Endowment, but expects that over time the Endowment's return will exceed its budgeted spending rate, plus inflation.