9 1Ãâ·Ñ°æÏÂ

As of 31 July 2020 the 9 1Ãâ·Ñ°æÏ held a total of £45.5m of endowment funds:

£36.0m of endowment funds were within the 9 1Ãâ·Ñ°æÏ of Sheffield Endowment Pool (PDF) :

•    Â£21.6m of Restricted Permanent Endowment Funds
•    Â£8.5m of Unrestricted Permanent Endowment Funds
•    Â£5.9m of Restricted Expendable Endowment Funds. 

In addition, £6.4m of the 9 1Ãâ·Ñ°æÏÂ’s own Fixed Asset Investments are held within this pool, totalling £42.4m. 

£3.8m was held within the Yorkshire Cancer Endowment Pool. The funds are held by Yorkshire Cancer Research directly, so are not subject to the 9 1Ãâ·Ñ°æÏ policy.

£5.2m of endowment accumulated income was held as cash with the 9 1Ãâ·Ñ°æÏ of Sheffield’s banker.

£0.3m of endowment funds received by the 9 1Ãâ·Ñ°æÏ prior to the year end, held as cash and invested by Sarasin & Partners just after the year end.

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

17% within the main fund (Twikker income fund (PDF)) managed by the original donor with interaction with the 9 1Ãâ·Ñ°æÏ of Sheffield Investment Society

83% within the student fund (Twikker student fund (PDF)) managed by the fund group within the 9 1Ãâ·Ñ°æÏ 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 9 1Ãâ·Ñ°æÏÂ, to preserve the real value of capital and income over the long-term, and to minimise volatility. 

9 1Ãâ·Ñ°æÏ is committed to investing its funds on a socially responsible basis. The 9 1Ãâ·Ñ°æÏ 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 9 1Ãâ·Ñ°æÏ 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 9 1Ãâ·Ñ°æÏ is committed to the implementation of the Endowment Investment Policy.
•    The 9 1Ãâ·Ñ°æÏ publishes an annual statement that provides information on the active investment approach undertaken by the 9 1Ãâ·Ñ°æÏÂ’s investment managers. 
•    The 9 1Ãâ·Ñ°æÏ publishes an annual compliance statement to be fully transparent with respect to the Endowment Investment Policy.