
Where does our energy come from? The University actively manages over 1.5 million square feet of building space. From 2014-2018 Sewanee decreased kW hour consumption by 7% even as a 7.7% increase in square footage was added. Additionally, 747,000 kW hours of renewable energy are purchased annually from TVA's Green Power Switch. A little over half of Sewanee's energy comes from renewable or nuclear power sources.
Source: TVA
The objective of the endowment is to exist in perpetuity and provide intergenerational support for current and future needs of the University. Over the long term, the endowment aims to achieve an annual real return at least +5.0%, to support the spending needs of the University. The annual spend from the endowment supports University initiatives such as scholarships & financial aid, faculty support, strategic program development, and operational needs.
The endowment is overseen by the Sewanee Investment Management Committee (IMC), a subcommittee of the Sewanee Board of Regents. The IMC partners with a professional services firm to manage the endowment portfolio as an Outsourced Chief Investment Office (OCIO). The OCIO directs the investments of the endowment within the parameters of a long-term investment policy statement. The OCIO performs market research and due diligence and sources investment opportunities for the endowment.
Today, the endowment is invested across a diverse set of asset classes, and active and passive investments, with the aim of achieving the endowment's return objectives. The OCIO formally reports to the IMC on a quarterly basis. More frequent informal communication occurs throughout the fiscal year.