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Eastern Michigan University's endowment closed the fiscal year with a market value of $44.8 million, an increase of $5 million or 12.7 percent. That's good news, according to Darryl Sczepanski (below), vice president for advancement and executive director of the EMU Foundation The value of the endowment during the last six years is as follows:

Darryl Sczepanski

2006 $44,824,451

2005 $39,762,915

2004 $35,796,418

2003 $30,319,418

2002 $30,517,632

2001 $33,663,799

Source: EMU Foundation Annual Report 2006