Paul L. Caron

Tuesday, February 4, 2020

University Endowments Report 5.3% Average Return In FY19

NACUBO, U.S. Educational Endowments Report 5.3 Percent Average Return in FY19:

Data gathered from 774 U.S. colleges, universities, and affiliated foundations for the 2019 NACUBO-TIAA Study of Endowments® (NTSE) show that participating institutions’ endowments returned an average of 5.3 percent (net of fees) for the 2019 fiscal year (July 1, 2018 – June 30, 2019).


Despite posting a lower return than FY18’s one-year average of 8.2 percent, the average 10-year endowment return reached 8.4 percent, surpassing institutions’ long-term average return objective of 7 percent for the first time in a decade. This reflects the strong stock market recovery since the 2008 financial crisis as well as solid management practices.


Inside Higher Ed, Endowment Returns Solid in 2019

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Yikes! They clearly missed the equity boom last year.

Posted by: MM | Feb 4, 2020 8:42:36 PM

Let’s tax their income more anyway.

Posted by: Anon | Feb 6, 2020 5:54:21 PM

I appreciate they post the NET returns, but how about the GROSS returns too so we can see the actual fees paid?

Posted by: josh scandlen | Feb 7, 2020 4:26:03 AM

Shameful. If they had simply invested in index funds (and paid next to nothing) they'd have enjoyed returns well into the double-digits.

Posted by: Gerald Scorse | Feb 7, 2020 9:00:16 AM