Page 16 - Jesus College Strategic Plan 2017-21

FINANCIAL STRATEGY
e College has a solid nancial base. Aided by the necessarily cautious stance taken at the time of the last Strategic Review, its nances have improved steadily. Consistent with that strategy, academic fee income has seen small but steady increases
while accommodation and catering services have expanded more rapidly, at the same time as a relatively tight rein has been kept on costs. Income from investments has exceeded expectations as markets
have recovered and we have seen major successes in our fundraising, which was in
its infancy at the time of the last review.
The result is that our gross endowment reached £166 million by July 2016 which, together with other restricted and unrestricted funds, amount to total funds of £194 million, an increase of nearly a third over ve years. Maintaining and building our endowment is crucial to retaining our independence and our ability to deliver our ambitious plan. Furthermore, in most cases we can only spend the return from our endowment as opposed to the underlying capital.
Investment management
We will:
Work with our new investment managers, Cambridge Associates, to implement our newly revised investment strategy with the intention, by 2021, of growing the College’s total funds by another 25%;
Seek to exploit the opportunity for developing housing on the College-owned land in Lincoln on the assumption that this is allocated to the local development plan; and
Consider the alternative ways of investing any proceeds from such developments consistent with the long-term requirements of the College.
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