Washington and Lee's endowment supports so many vital aspects of life at the university that increasing it was a main goal of the recently concluded capital campaign. Of the total $542.5 million raised during Honor Our Past, Build Our Future, secured gifts and commitments to the endowment accounted for 61 percent. Furthermore, W&L's ranking in endowment per student increased from 38 to 25 among all American colleges and universities.
Outside of Lexington, questions about large university endowments resurfaced this year on Capitol Hill, with two congressional committees asking colleges and universities with endowments larger than $1 billion, including W&L, for information about how they manage their endowments and spend endowment funds.
Earlier this month, Steve McAllister, W&L's treasurer and vice president for finance, discussed the endowment in depth. Click on a link below to view his responses.