Operating under the guidance of the Yale Corporation’s Investment Committee, the Yale Investments Office manages the University’s Endowment, which totaled $40.7 billion on June 30, 2023. The Endowment is sustained by generous gifts from donors and earnings generated through Yale’s disciplined, long-term investment approach. Spending from the Endowment supports the University’s aim of improving the world today and for future generations through outstanding research and scholarship, education, preservation, and practice.