In Service to Middlebury’s Mission

The purpose of the endowment is to provide sustainable financial support for Middlebury to serve its mission—in perpetuity.

The endowment provides a permanent source of support for the institution’s students, faculty, and programs. While current-use gifts support the institution’s immediate needs, the endowment ensures long-term sustainability.

The Middlebury endowment is made up of more than 1,600 individual funds with varied purposes across the institution; most are restricted for a specific use. Each restricted fund has a designated purpose and is designed to provide funding for that activity forever. Taken together, the funds that make up the endowment ensure Middlebury’s financial stability, flexibility, and autonomy.

Endowment at a Glance

2.9% FY22 return as of 6/30/23
8.9% 10-year annualized return
1.469 Billion Endowment value as of 6/30/23
64.1 Million FY23 spending distribution from endowment


Endowment in Action

Earnings from these 1,600 funds support Middlebury’s diverse programs and initiatives, including financial aid, professorships, athletics, internships, and research fellowships. In fiscal year 2023, the endowment distribution provided 21 percent of revenues to support operating activities and capital requirements. It plays a critical role in advancing all programs: the College, Language Schools, Bread Loaf School of English, Writers’ Conferences, and Middlebury Institute of International Studies.

1,600+ Number of Individual Endowed Funds

Finance Office
152 Maple Street
Marble Works, Suite 102
Middlebury, VT 05753