СŷÊÓƵ

The СŷÊÓƵ is committed to the implementation of the Endowment Investment Policy.

As at 31 July 2018 the СŷÊÓƵ held a total of £43.8m of endowment funds:

£33.8m of endowment funds were within the СŷÊÓƵ of Sheffield Endowment Pool; consisting of £20.6m of Restricted Permanent Endowment Funds, £8.4m of Unrestricted Permanent Endowment Funds and £4.8m of Restricted Expendable Endowment Funds. In addition £6.3m of the СŷÊÓƵ’s own Fixed Asset Investments are held within this pool, totalling £40.1m. СŷÊÓƵ Endowment Pool was reviewed by the Investment Group to ensure its compliance with the Endowment Investment Policy.

£4.4m was held within the Yorkshire Cancer Endowment Pool. The funds are held by Yorkshire Cancer Research directly, so are not subject to the СŷÊÓƵ policy.

£4.8m of endowment accumulated income was held as cash with the СŷÊÓƵ of Sheffield’s banker.

£0.5m of endowment funds received by the СŷÊÓƵ prior to the year end, held as cash and invested by Sarasin & Partners just after the year end.

£0.3m of endowment funds held with Hargreaves Lansdown. These funds are separated into two pools:

• 49% within the main fund (Twikker income fund) managed by the original donor with interaction with the СŷÊÓƵ of Sheffield Investment Society
• 51% within the student fund (Twikker student fund) managed by the fund group within СŷÊÓƵ of Sheffield Investment Society with oversight by the original donor