"Yale's Endowment is the engine that drives the university. It supports 34% of our total operations: from the financial aid we give to our great students to our cutting edge scientific research, from our world-class professors to our unparalleled art collections. The Yale Investments Office is simply the best in the world. It not only makes our research and education possible. It is itself the home of great research and education. It trains the best investment experts on the planet. It has changed Yale and the world."
Ben Polak, Provost and William C. Brainard Professor of Economics
"Yale has the audacious goal of changing the world for the better. In order to meet that goal it brings together bright and talented undergraduates from every conceivable background, and it exposes them to ideas that are outside their lived experiences and even their imagination. In and of itself, this is an expensive proposition. It requires the best faculty, the best facilities, and the freedom to explore. None of this would be possible without the resources that the Yale Endowment provides. Knowing that the Endowment is there allows me to push forward, never hesitating to wonder if I can afford to aspire toward audacity."
Jonathan Holloway, Dean of Yale College and Edmund S. Morgan Professor of African American Studies
The Graduate School of Arts and Sciences
"Without a robust endowment, the Graduate School of Arts and Sciences cannot fulfill its mission. Top-tier graduate schools attract the strongest and brightest candidates by offering generous financial support that covers all costs for the duration of study. The Endowment makes it possible to provide support that sustains exciting research across the Graduate School, benefiting the entire University. Every year, we admit just over 500 of the best students from a pool of more than 10,000 applicants, each of whom requires four or more years to complete their research, whether in the lab, in international archives, or in our own libraries and collections. While pursuing their scholarship, they also teach Yale's excellent undergraduates and undertake other, important professional development activities. Our graduate students go on to become tomorrow's leaders, whether as scholars, researchers and teachers, or, just as importantly, as contributors to non-academic pursuits."
Lynn Cooley, Dean of Yale Graduate School of Arts and Sciences and C. N. H. Long Professor of Genetics
The Law School
"More than half of the income of Yale Law School comes from Endowment income. If the Endowment did not grow, if it did not produce an adequate stream of resources, Yale Law School would lack the wherewithal to maintain its position as the leading law school in the world. It's as simple as that. The Endowment is the motor that powers the school. It is impossible to overstate its importance."
Robert Post, Dean of Yale Law School and Sol & Lillian Goldman Professor of Law
The School of Medicine
"Yale's Endowment supports a number of programs that are critical to the excellence of the medical school. Scholarship funds permit Yale's School of Medicine to offer need-blind admissions with a very generous need-based financial aid program. Yale medical students graduate with a level of debt that is among the lowest in the country. Endowed professorships provide funds to support our best faculty and importantly help us retain those faculty at Yale. The Endowment also supports many educational and research programs that have no other source of financial support."
Robert Alpern, Dean of Yale School of Medicine
"The Yale Investment Office is the essential complement to the work of Yale School of Management and other "self-support schools" at Yale. We will begin fiscal year 2017 with over $35 million in income from our school's share of Yale's Endowment. Wow! Those resources allow us to invest and aggressively pursue our mission to educate leaders for business and society. The extraordinary performance and integrity of the Yale Investment Office give confidence to supporters who commit resources to the school. Donor support would be vastly diminished without that confidence and the expectation that the impact of their gifts will be sustained and indeed be increased over the long run.
Edward A. Snyder, Indra K. Nooyi Dean of Yale School of Management, and William S. Beinecke Professor of Economics and Management
The Art Gallery
"The Yale University Art Gallery depends on the Yale Endowment for 62% of its annual operating budget, which helps ensure that the Gallery remains free for all – no admission fees, no charge for tours, and no ticket costs for programs. One of the Gallery’s signature educational programs, the Wurtele Gallery Teachers, engages graduate students who are trained to lead all of the K-12 and many of the public tours. The program has grown dramatically since the fund’s inception in 2005. The Wurtele Endowment started with $500,000 in principal, which generated income to support six teachers at its inception. With the success of the program, demand has grown, and with the success of the Endowment, resources have grown. Today the fund supports 17 graduate student employees who serve the more than 14,000 school children and thousands of public visitors who tour the Gallery."
Jock Reynolds, Henry J. Heinz II Director of the Yale University Art Gallery
"The work of Team Swensen and the Yale Endowment has had an immeasurable impact on the Department of Athletics and the experiences of our student athletes. The alumni and friends of Yale Athletics have been incredibly generous with their gifts to endow many aspects of our sports programs. From head coaching positions to programmatic endowments that fund recruiting, equipment and travel needs - the growth of these funds allows our teams, students and coaches to have experiences that are unparalleled and in many cases life changing."
Tom Beckett, Director of Athletics
"Nearly 75% of the Yale University Library's budget is funded by the Endowment; without that income, the Library would be a mere shadow of what it is today. The breadth and depth of the Library's collections are transformative to teaching and research at Yale, and it is the Endowment that funds those collections, year over year. Without the Endowment, the Beinecke Rare Book & Manuscript Library would simply not be, thereby depriving, not just the students and faculty of Yale, but scholars worldwide, with free access to one of the world's largest libraries devoted entirely to rare books and manuscripts."
Susan Gibbons, University Librarian