RF Financial Concepts 101
Understanding the Business of the RF
Module 1: Understanding RF Sources of Income
Funds Generated from Investment
The fourth source of RF funds comes from returns on investment. The RF has fiduciary responsibility for over $180 million in investment assets. The projected net return on these investments in 2016 is $8.9 million.
To minimize potential losses, the RF maintains a diversified investment portfolio. Investments are held with the investment custodian, a third-party company, in the RF’s name.
What the Data Shows
Net investment income is projected based upon an assumed average investment balance and a long term rate of return of the operating pool. The RF projects net income of $8.9 million in FY 2016.
The RF provides support for SUNY undergraduate students to participate in research experiences, particularly in STEM fields, to keep them in the SUNY system and ultimately employed in the State of New York.
Students at SUNY Fredonia conducted the first-ever survey of plastic pollution in the Great Lakes. Their findings led several major companies to phase out the use of plastic microbeads in their consumer products.
Where to Find More Information
Please refer to the 2016 Operating Plan.