The Michigan State University College of Veterinary Medicine’s endowment market value increased 1.6 percent, or $1.9 million. This was great news for students and faculty, as the College’s endowment funds are targeted to support education and the advancement of science. The College spent 21 percent of endowment funds on direct student aid, 43 percent was directed toward endowed chairs and professorships, and 14 percent toward research. The remaining funds supported other programmatic priorities of the College.

"More than 75 percent of the College’s endowed funds support education and science, whether it be for our students pursuing their own veterinary careers or our faculty who provide not only teaching and training for our students, but biomedical research that is critical in advancing health and science for animals and humans,” says Keith Hayes, chief financial officer for the College.