How to Give
In partnership with the University of Richmond's Spider Management Company, the primary investment objectives for The Citadel Foundation's endowed funds are:
- Preserve and expand the assets of the funds,
- Expose the assets to prudent risk through efforts to obtain reasonable return,
- Provide current income for operating needs of The Citadel, and
- Achieve long-term growth for future needs of The Citadel.
After an extensive process of consideration and review, The Citadel Foundation changed investment managers to partner with the University of Richmond. The Foundation now co-invests its assets with the The Richmond Fund under the direction of Spider Management. This change allows us access to a broader range of asset classes and a dedicated investment management team focused solely on our portfolio.
For more information about the reasoning and desired long-range impact of this decision, please review these Frequently Asked Questions.