At the October Faculty Council meeting, Tamara Caspary reported on her experience as the Faculty Counselor for the Board of Trustees’ Investment Committee. Emory University’s endowment value reached a record high of almost $7 billion as of June 30, 2015, earning a 3.6 percent return on investment over the trailing 12 months. Emory Investment Management (EIM), the group that oversees the endowment, continues to maintain a well-diversified portfolio, to invest with best-in-class external partners, and to seek opportunities to add value throughout market cycles. EIM directs the day-to-day operations with four groups: private investments, public investments, buy/sell, and asset management. The investment strategy is research-driven, team-based, and disciplined. Emory’s endowment was strengthened by philanthropic gifts totaling $72 million, representing continued generosity and confidence among donors. Growth was offset by net distributions of $258 million to support Emory’s academic programs and research support.