Yale Bulletin and Calendar

October 6, 2000

Volume 29, Number 5

Endowment grows 41%, to $10.1 billion

Yale's endowment totaled $10.1 billion at the end of the University's last fiscal year, up from the previous year-end total of $7.2 billion, Yale's Investments Office reported.

For the fiscal year that ended June 30, 2000, Yale earned a 41% return on its endowment investments. During the last 10 years, Yale's annual return on its endowment investments has averaged 17.5%. During that period, Yale's endowment has grown from $2.6 billion to the current $10.1 billion.

Spending from the endowment is expected to total $332 million for the University's operating budget in the current fiscal year, up from approximately $280 million the previous year. The endowment's contribution equals 25% of the University's revenues, or approximately twice the share of the operating budget it provided a decade ago. By comparison, revenue to the University from tuition and room and board provides 22% of operating budget funds.

Yale's endowment spending is determined by a formula that features a long-term spending rate of 5% of the endowment's value combined with a "smoothing rule" that moderates the extent of change, either up or down, in the endowment's contribution to Yale's budget from year to year.

The University's Office of Development reported that it received $358 million in gifts in the fiscal year that ended June 30, 2000. The amount was the most ever received by the University in a single year. Of the total, $258 million was contributed to Yale by alumni, a figure that was also an all-time high.

T H I SW E E K ' SS T O R I E S

Yale, Oxford, Princeton and Stanford launch 'distance learning' venture

Endowment grows 41%, to $10.1 billion

Yale doctor applauds end to gender testing at Olympics

Three join team in Provost's Office

Yale-Griffin Center gets $1.2 million from CDC

Letter from the Provost: Support for Teaching with Technology at Yale

Peace accord is topic of talk by George Mitchell

Author Tom Wolfe to recount his days at Yale

New Yorker columnist to visit as a Poynter Fellow

Buying cars on Internet saves money, study shows

F&ES to host centennial celebration weekend

Hershey Foods CEO to give talks as a Gordon Grand Fellow

Works of School of London artists showcased in exhibit

Divinity School inviting all women graduates to convocation

Berkeley Divinity School to laud four theologians at its annual gathering

Artists welcome studio visitors in expanded annual event

Peabody to mark Columbus Day with programs on the Caribbean

Howard Hughes Medical Institute funds biomedical sciences at Yale for 14th year

Before the dive

Yale Scoreboard

Campus Notes

In the News