The Long-Term Investment Pool contains thousands of endowments funded by private gifts, strategic investments by the university, and rainy-day funds that the university has saved to protect the financial health of the university and Wexner Medical Center.
Endowments generate more than $38 million a year for student scholarships and cover the cost of other priorities that might otherwise otherwise be borne by tuition and tax dollars. Students benefit from access to these resources, which improve the quality of education and healthcare at Ohio State.
| Type of Support | FY21 Distribution |
|---|---|
| Academic strategic priorities | $82,089,471 |
| Educational support and facilities | $54,008,870 |
| Student financial aid | $47,989,711 |
| Faculty support | $36,838,708 |
| Wexner Medical Center | $12,943,681 |
| Research | $11,114,254 |
| Public service | $1,531,083 |
| Pending | $317,425 |
| Total | $246,833,201 |
Note: 97 percent of gifted endowments specify the use based on the donor(s)' wishes.