UK's endowment has significantly grown in the past six or seven years because of the research challenge trust fund.
When you compare our endowment to the benchmarks set by the Council on Postsecondary Education, we are low.
We feel like we have positioned the portfolio very well for future performance.
There's also going to have to be a large private commitment.
It was a disappointing year. But you need to look ahead to the future.
In order for the university to meet its objective of being a top-20 research institution, the endowment must grow.