The more than 45 organizations that make up B&F provide essential infrastructure services to support the students, faculty and staff of the University of Michigan. Together, we truly Make Blue Go.
Facilities and Operations has primary responsibility for the stewardship of the university’s physical properties, including nearly 35 million square feet of building space. We are responsible for sophisticated and complex academic, research and clinical facilities, as well as associated environmental stewardship and regulatory compliance. We strive to optimize our resources in order to support the university’s commitment to academic excellence and cost containment.
F&O staff strive to contribute to and promote a safe and secure community while respecting the rights and dignity of all persons utilizing facilities and programs of the University of Michigan
Finance offers a wide variety of key business and financial services to the university community. These services include accounting, budgeting and recharge reporting, cash management, debt issuance, financial reporting, internal controls, payroll, post-award accounting for sponsored programs, procurement, risk management, student financial services, and tax management.
Information Quest (IQ) partners with campus and the health system to drive institutional excellence at U-M by delivering data that enables leaders to use their expertise to make strategic data-driven decisions. The team, with a vision of a data-as-a-service delivery model is delving into a deeper role in learning analytics, creating executive dashboards, and investigating a data virtualization platform.
The University of Michigan’s Office of Investments was established in 1999 to oversee the investments of the University’s financial assets, including the University’s $12.4 billion endowment. This diversified, multi-asset class portfolio supports the University’s student scholarships, academic and research programs, professorships, and libraries, to name a few of the many endowed fund initiatives. For more information, you may view an overview of the investment function at the University of Michigan or learn more about the evolution of investing at the university.
The primary objective of the office is to optimize the endowment performance and the University’s other investment programs, such as its working capital pool and gift programs. This includes developing investment policies, the strategic asset allocation, policy and performance benchmarks, and risk management practices. This ensures that the real purchasing power of the fund’s principal is preserved and maintained enabling the University to continue to provide strong academic programs and innovative technology.
The University’s endowment ranks 9th among institutions of higher learning based on asset size and 3rd among public universities based on the NACUBO 2018 National Endowment Study.
The Investment Office is charged with overseeing the investments of all of the University’s financial assets. The chart below shows the composition of the University’s $14.9 billion in financial assets on June 30, 2019.
(a) ‘Other’ includes life income trusts, assets that cannot be commingled in the University’s investment pools, uninvested cash balances and other reserves.
University Human Resources provides services that attract, sustain and inspire excellence in faculty and staff of the University of Michigan. The vision of UHR is to develop, through university leadership, the finest HR function anywhere, in a culture where people thrive, partnership prevails and performance excels. UHR provides comprehensive services to the U-M community that include human resources policy and strategy, competitive benefits, health and well-being programs and initiatives, employment services, data and information services and professional development, to name a few.
The U-M Shared Services Center (SSC) offers select Finance and Human Resources (HR) transactional services to the entire institution. It combines these transactional services from colleges, schools, and administrative units into one operation that offers high-quality customer service as part of an overall strategy that focuses on the optimal use of university resources.Colleges, schools, and administrative units participate in the governance of the SSC to define performance levels, provide feedback and establish collaborative responsibilities.
The University of Michigan Board of Regents appointed Kevin Hegarty executive vice president and chief financial officer effective April 6, 2015.
