endowment Archives - The Pitt News

Pitt endowment’s first ESG report ‘being finalized’

By Jon Moss, Editor-in-Chief • February 10, 2022

The first Environmental, Social and Governance report for Pitt’s $5.7 billion endowment is “in the process of being finalized,” officials said Wednesday.

Pitt names Jeffer Choudhry as new chief investment officer

By Martha Layne, News Editor • January 20, 2022

Pitt announced Thursday that Jeffer Choudhry will serve as the University’s new chief investment officer, responsible for managing the roughly $5.6-billion Consolidated Endowment Fund.

Endowment distribution to remain the same for 2022 fiscal year

By Natalie Frank, News Editor • June 15, 2021

The Investment Committee of Pitt’s Board of Trustees voted at a public meeting Thursday morning to keep the spending policy and distribution from the University’s endowment funds the same in the 2022 fiscal year.

Pitt quietly releases socially responsible investment criteria

By Jon Moss, Editor-in-Chief • June 16, 2020

Pitt quietly released a socially responsible investment policy statement in March, delivering another win to student activists pushing for fossil fuel divestment and endowment transparency.

Board committee approves flat endowment distribution rate

By Jon Moss, Editor-in-Chief • June 16, 2020

Pitt will not increase the payout from its endowment for fiscal year 2021, a board committee unanimously voted Tuesday.

Op-ed | Leaving the endowment alone during the crisis is the right call

By Ilia Murtazashvili, Associate professor of public policy • June 2, 2020

There are several reasons why the chancellor’s call is the right one.

Op-ed | Pitt can and should use its endowment to get us through this crisis

By Tyler Bickford, Associate professor of English • May 26, 2020

Not to mince words: it is wrong that the Chancellor, who received a $669,738 base salary this year, would use sympathetic students as an excuse not to protect the jobs of the faculty and staff who support those students, often for wages less than one-twentieth of his.

Pitt’s budget and endowment, explained

By Jon Moss, Editor-in-Chief • May 22, 2020

Pitt’s budget, and the process to craft it, is full of jargon and specialized terminology. This guide attempts to explain how the annual University budget is put together, as well as the different pieces that compose the budget and endowment.

Pitt announces long-time CFO’s retirement

By John Hamilton | Managing Editor • February 20, 2018

Pitt’s chief financial officer and senior vice chancellor, Arthur Ramicone, will retire in August after a 30-year career at Pitt, the University announced Tuesday. Ramicone, 64, is the second senior...