FINANCIAL REPORT TABLE OF CONTENTS • Letter from Leonard Sandridge • Financial Highlights • University of Virginia Endowment • Chart: Growth Over Time • Management Responsibility • Auditor's Opinion • Balance Sheet • Statement of Changes in Fund Balances • Statement of Current Funds Revenues, Expenditures, and Other Changes • Notes to Financial Statements ADMINISTRATION AND BOARD OF VISITORS IMPRESSUM, CREDITS, AND NONDISCRIMINATION STATEMENT