University of Manitoba

University of Manitoba manages an endowment fund which is based in Winnipeg, Canada. The endowment fund records gifts and bequests received with the stipulation that these funds are invested in perpetuity and investment income earned be utilized for designated purposes. Contributions for endowment purposes are recognized as revenue in the endowment fund in the year received. Investment income earned on endowments is recorded in the appropriate trust fund depending on the restrictions imposed by the original donor. The assets are managed by the board of governors.University of Manitoba Endowment's investment portfolio is valued at $471.17 million, with investments in private equity, real estate, equities, fixed income, and cash.