The Western Foundation makes every effort to keep donors informed and maintain transparency of the funds we manage. Below are the links to our policies and results from our 2021 Annual Endowment Report.

Endowment Management

As of June 30, 2021, the endowment assets of the Western Washington University Foundation sat at $123 million, a milestone we celebrated with much appreciation and gratitude to the myriad of donors who have made that sum possible. Each of our more than 600 endowments are designated to directly support either scholarships, professorships or programs, and the Foundation partners with our donors on how they would like their investment to make an impact at Western. No funding goes to the University general fund.

Seattle-based Russell Investments has provided investment advice to the Foundation for two years and the results have been extremely positive, particularly the 28% return achieved during our fiscal year ending June 30, 2021. We invest primarily in institutional grade commingled funds that are proprietary to Russell. These funds represent a composition of money managers hired by Russell and given certain investment mandates. This diversified portfolio includes stocks, bonds, private capital and real estate. We are also extremely proud to have been the launch client for Russell’s first Sustainable Multi-Asset Growth fund. The Foundation worked closely with Russell to develop this fund which reduces its carbon exposure by over 50% while maintaining the same relative performance expectations of a traditional multi-asset fund.

Our endowments follow a distribution policy established by our Board. Today, our endowments annually distribute 4.0% of the average endowment value over the past three years (adjusted for inflation). This policy is designed to establish a relatively consistent distribution in spite of short-term asset value fluctuations. Per our policy, the endowments also distribute a fee of 1.5% to the Foundation, providing key funding to the Foundation to continue our mission of support of the University.

We are grateful for the trust and confidence you have placed in us. We make every effort to be good stewards of the resources you entrust to us. If you have any questions about this report, please contact Mark Bagley, senior director, at 360-650-3612 or

Total Endowment Assets Under Management

FY17 $78.3 Million - FY18 $86.7 Million - FY19 $93.3 Million - FY20 $94.3 Million - FY21 $123 Million

Total Endowment Assets Under Management includes assets owned directly by the Foundation, as well as endowed assets managed by the Foundation on behalf of the University

Endowment Fund Returns

Rate of Return by Year - FY17 13.1% - FY18 8.1% - FY19 6.6% - FY20 0.9% - FY21 28%

The Legacy of Your Impact

Endowments make vital resources available to ensure both the immediate and long-term success of Western Washington University. Investment returns provide critical annual support for Western students and faculty, and by existing in perpetuity, endowments guarantee countless generations are offered these same opportunities.  Western Washington University is better able to serve both teachers and learners because of your foresight and generosity. Thank you for making an impact today and into the future. 

Jeremy Caldeira

“Donor support gives me the ability to fully focus my energy on preparing for my career. It has also allowed me to get more involved in building up the Western community and supporting others. For these reasons and many more I am truly grateful!”

Jeremy Caldeira (‘22)
Sealey Raymond (‘23)

“As a small-town girl from Montana, I would not have been able to choose an out of state university with a program to fit my interests and career goals without the help of donors and scholarship opportunities. This has allowed me to fully immerse myself in Western’s community and passionately work to fulfill my dreams.”

Sealey Raymond (‘23)
Behavioral Neuroscience Pre-Major