The Michigan Tech Fund is a not-for-profit, tax-exempt corporation established in 1965 under the laws of the State of Michigan. Existing solely for the benefit of Michigan Technological University and its students, the Tech Fund receives, invests, and disburses gifts to support the University's mission and vision.
The business and affairs of the Michigan Tech Fund are managed by a nine-person Board of Directors.
Michigan Tech Fund Spending Policy
Michigan Tech Fund’s current spending policy, established by the Fund’s Board of Directors,
is to distribute 4 percent of the 12-quarter rolling average of an endowed fund’s
market value on an annual basis. The Board of Directors also determines the asset
allocation for the endowment, partnering with an investment advisor to work within
the asset-allocation targets to select and monitor investment managers. The Investment
Committee oversees the Fund’s investment advisor, meeting quarterly to review the
endowment’s investment performance.
In managing the endowment, the Michigan Tech Fund has two primary goals. The first
goal provides resources for students today, while the second goal ensures Michigan
Tech can provide opportunities and experiences for future generations.
Documents
- Statement of Investment Policy
- Summary of Endowment Management, Investment, and Spending Policies
- Administrative and Academic Support Fee
- Michigan Tech Fund Audited Financial Statements for Fiscal Year 2018
Additional Information
- Tax Advantages of Giving
- Current Priorities
- Annual Giving Clubs
- Lifetime Giving Societies
- Gift Planning
- Corporate Matching Gifts
Note: In accordance with IRS regulations (Rev. Rul. 56-329), we are unable to issue receipts for gifts that support fraternity and sorority houses.