Individuals, including parents, students, faculty, staff and friends, add another 12 percent. Corporations are well represented at 22 percent, foundations and organizations at 11 percent. It's a broad base of support, and it is well-balanced among our constituencies. Some 42 cents on the dollar are going to the Institute's permanent endowment. Again, we're seeing well-balanced designations providing for immediate needs through the annual giving programs, intermediate needs through endowment, and future needs through planned and testamentary gifts.
Permanent endowment is akin to an institutional savings account.
The principal is inviolate. A balanced, professionally managed investment portfolio combined with a conservative spending policy ensures a dependable stream of annual income to meet current needs while maintaining growth of principal as insurance against inflation. There is close correlation between an institution's endowment and its quality of programs. As a public university, really quite well. At last count, Tech ranked ninth among all public universities in endowmentper-student.