Yale Bulletin and Calendar

October 11, 2002|Volume 31, Number 6

Yale's investments make modest gain

Yale's endowment earned a 0.7% return in the last fiscal year and totaled $10.5 billion on June 30, 2002, Yale's Investment Office has reported.

Investment officials said the modest investment gain came in a year when the overwhelming majority of endowments were expected to report negative returns.

Yale's endowment totaled $10.7 billion on June 30, 2001, the end of the previous fiscal year. In the latest fiscal year, spending from the endowment exceeded the investment gain.

Spending from the endowment in the University's current fiscal year is expected to total approximately $471 million, a 16% increase over endowment spending in the prior fiscal year. The endowment's contribution equals 31% of the University's revenues, over two times the share of the operating budget support it provided a decade ago.

Yale has returned an annualized 16.9% over the past 10 years, as endowment funds grew from $2.8 billion to $10.5 billion.

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

Richard Brodhead named to third term

Susan Hockfield begins second 5 years

Berkeley College spearheading move to organic menu at Yale

U.N. leader stresses nations' obligations in 'world without walls'

Yale Parents' Weekend

Yale's investments make modest gain

Architecture students make their home design a reality

The rise of online journalism will be the topic of Poynter Fellowship panel . . .

Events celebrate British composer Sir William Walton

Show marks 75th year of Sacco and Vanzetti trial

Lectures, performances highlight museum-wide celebration at Yale Art Gallery

Artists will open their studios to public in city-wide event

Conference will explore new research on health issues of women

Campus Notes