Yale Bulletin and Calendar

September 23, 2005|Volume 34, Number 4

Endowment funds grow to $15.2 billion

Yale's Endowment earned a 22.3% return in the fiscal year ending June 30, 2005, bringing total assets to $15.2 billion, the University's Investments Office reported.

The Endowment was valued at $12.7 billion on June 30, 2004.

"The outstanding performance by the Investments Office in the past year has matched a record of achievement over time that has earned [Chief Investment Officer] David Swensen and his colleagues the highest possible praise and admiration from their peers," President Richard C. Levin said. "Yale's capacity to fulfill its ambitious mission has been greatly enhanced by their superb stewardship of the Endowment."

Spending from the Endowment in the University's 2005-2006 fiscal year is expected to total $610 million. The Endowment's contribution equals approximately 31% of the University's revenues, and is Yale's single largest source of support. The share of the operating budget provided by the Endowment has more than doubled in the past decade.

Yale's Endowment has returned an annualized 17.4% over the past 10 years, placing the University's investment performance in the top 1% of institutional funds. During the last decade, Endowment funds grew from $4 billion to $15.2 billion.

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