in the past fiscal year
Yale's Endowment earned a 22.9% return in the fiscal year ending June 30, 2006, bringing its value to $18 billion, the University's Investments Office has announced.
The Endowment's value at the end of the preceding fiscal year was $15.2 billion.
"The outstanding performance by Yale's Investments Office in the past year will allow the University to achieve new levels of educational and research excellence," said President Richard C. Levin. "Yale and those it serves continue to benefit from the peerless work of our investment team led by Chief Investment Officer David Swensen."
Spending from the Endowment in the University's 2006-2007 fiscal year is expected to total $676 million, or approximately 34% of the University's net revenues. The Endowment is Yale's single largest source of budgetary support. The share of the operating budget provided by the Endowment has more than doubled in the last 10 years.
Yale's Endowment has returned an annualized 17.2% over the past 10 years, placing the University's investment performance in the top rank of institutional funds. During the last decade, the Endowment has grown from $4.9 billion to $18 billion.
T H I S
W E E K ' SS T O R I E S
University launches 'Yale Tomorrow' campaign
Gift of $50 million to create Greenberg Yale-China Initiative
Greenberg: 'Flexibility' will be key Yale asset in China
Program will educate corporate leaders about . . . climate change
V.P. and union president co-chairing Yale-United Way Campaign
This year's 'Science Saturdays' for children celebrates women scientists
Alumnus Robert Burger is named an assistant provost
MEDICAL CENTER NEWS
Yale receives $7.2 million grant for cardiovascular imaging
Team finds promising treatment for hookworm
Training program may help control behavior of children with TS
Study: Vets often sicker than civilians with same illness
Genetics may play a role in premature infants' lung problems . . .
Keck Foundation honors endocrinologist for insulin research
More Yale-related MacArthur Fellows
Yale's Endowment earns 22.9% in the past fiscal year
Erin Lavik and Tarek Fahmy win biomedical engineering awards
Are we alone? 'Alien Earths' explores scientists' quest to find out
Exhibit explores connections between art and music in different period
Yale novelists, poets and playwrights will read from their works
Works by photojournalists in Iraq on view at ISM
Study finds affirmation exercise boosts minority . . .
Conference to explore ways to increase diversity in higher education
Traveling Margaret Mead Film & Video Festival comes to campus
Ancient coins will be showcased in 'The Romans in Asia' symposium
Two noted scientists serving as visiting scholars . . .
Five alumni to be honored with Wilbur Lucius Cross Medals
Five junior faculty members are honored by The MacMillan Center . . .
Memorial service for Jaroslav Pelikan
University of Michigan professor wins Yale's Douglass Prize
Campus Notes
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