ODU Endowment Information

We are pleased to report that the endowments of the University and its Foundations performed well during the fiscal year (January 1, 2023 – December 31, 2023), when compared to other endowments, in a market that began to recover from the volatility of 2022.   The endowments increased by 9.68% over the year, our 10-year performance of 7.30% exceeded our long-term 7.0% goal. We are also pleased that our June 30, 2023, 10-year return was in the top 10% of investment returns reported by 688 Colleges and Universities in a national survey.

Over the long term, we, like most endowment managers, are cautious about future market conditions, as evidenced by the market’s performance over the last twenty-four months. We continue to identify and fund high quality, diversified investments in both public and private markets that include equity, fixed income and real assets. We remain disciplined in our approach, knowing that the markets cannot be timed, and we are committed to a strategic asset allocation that provides risk-reducing diversification. The Foundation will continue in its goal of structuring an investment program that will provide future generations of Monarchs with enhanced and substantial private financial support.

Your support of Old Dominion University is creating a strong future not only for this amazing University and our students, but also for the community and for the world. We truly appreciate your generosity. Please tell us why you are leaving your legacy here at the ODU. Please print the form and once it is completed please email it to donor-relations@odu.edu or mail it to 4417 Monarch Way, 4th Floor, Norfolk, Virginia 23529.