Annual publication of Endowment Investment Funds 2023-24

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As of 31 July 2024 the СŷÊÓƵ held a total of £55.2³¾ of endowment funds:

£48.6m of endowment funds were within the Ð¡Å·ÊÓƵ of Sheffield Endowment Pool:

  • £28.6m of Restricted Permanent Endowment Funds
  • £9.9³¾ of Unrestricted Permanent Endowment Funds
  • £10.1m of Restricted Expendable Endowment Funds. 

In addition, £7.2m of the СŷÊÓƵ’s own Fixed Asset Investments are held within this pool, totalling £51.9³¾. 

£6.6 of endowment accumulated income was held as cash with the СŷÊÓƵ of Sheffield’s banker.

£0.2m of endowment funds are held with Hargreaves Lansdown. These funds are separated into two pools:

25% within the main fund (Twikker income fund) managed by the original donor with interaction with the СŷÊÓƵ of Sheffield Investment Society
75% within the student fund (Twikker student fund) managed by the fund group within the СŷÊÓƵ of Sheffield Investment Society with oversight by the original donor

The primary purpose of the investment of endowment funds is to optimise returns to meet the specific purposes for which the funding was given to the СŷÊÓƵ, to preserve the real value of capital and income over the long-term, and to minimise volatility.

СŷÊÓƵ is committed to investing its funds on a socially responsible basis. The СŷÊÓƵ believes that to accord with its values when investing its funds, regard must be made to social, environmental, sustainability and governance issues. Whilst the investments are managed by external independent fund managers, the СŷÊÓƵ expects its appointed fund managers to encourage good behaviour or discourage poor behaviour through the screening of investments, either positively or negatively and through the direct engagement with firms.

  • The СŷÊÓƵ is committed to the implementation of the Endowment Investment Policy.
  • The СŷÊÓƵ’s investment managers publish an annual Impact Report that provides information on the active investment approach undertaken by the СŷÊÓƵ’s investment managers, aligned to the values of the СŷÊÓƵ.
  • The СŷÊÓƵ publishes an annual compliance statement to be fully transparent with respect to the Endowment Investment Policy.