Our Mission

Rice Management Company supports the Rice University mission through enlightened stewardship of the University's financial resources.

Provide sufficient, stable and growing endowment cash distributions to support the core endeavors of the University: path-breaking research, unsurpassed teaching, and access for students regardless of ability to pay.

Connect the University's long-term capital with world-class partners and projects that can compound that capital over time.

Enhance the Rice University community, Houston, and our philanthropic peers through sharing our expertise.

Rice Management Company’s (RMC) endowment assets under management, which exclude directly held real estate, returned 4.0% for the fiscal year that ended June 30, 2023, with a value of $7.24 billion as of the same date. The total endowment value, which includes directly held real estate managed outside of RMC, ended the year at $7.74 billion. The endowment plays a vital role, as distributions provide approximately 40% of the University’s operating revenues, which makes it the single largest revenue source to the operating budget. The endowment employs an actively managed investment strategy. We partner with third-party investment managers and internally manage a portfolio of oil and gas royalties, timberland, and operating businesses.

We are focused on finding the best ideas and managers across all asset classes

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