Daniel P. Ricciardi ‘06
AVP, Investments and Institutional Resources
Assistant Treasurer
As a community this semester, we’ve had a lot of dialogue about the role of the College’s endowment, what it is for, and how we ensure it is managed in accordance with our mission. Our endowment allows the College to make good on the priorities that are at the very heart of what we do – hiring more faculty members, supporting student scholarships and funding academic programs. The recent announcement that Holy Cross will cover tuition for those students whose families earn less than $100,000 would not have been possible without strong performance of our endowment investments.
Recently, there’s been a lot of good discussion about the endowment, but also a fair amount of confusion. To that end, our office has created an Ignite site seeking to demystify the endowment, complete with FAQs, explanations of terms and how they are applied at Holy Cross, and a video of our recent town hall with our investment partners. We hope this site will be helpful as the ongoing conversation about the endowment and our shared priorities continues in the semesters to come.
Featured image courtesy of College of the Holy Cross
Leave a Reply