Yale Endowment Valued at $10.5 Billion

Yale’s endowment earned a 0.7 percent 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 had totaled $10.7 billion on June 30, 2001, the end of the previous fiscal year.

Spending from the endowment in the University’s current fiscal year is expected to total approximately $471 million, a 16 percent increase over endowment spending in the prior fiscal year. The endowment’s contribution equals 31 percent 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 percent over the past 10 years, as endowment funds grew from $2.8 billion to $10.5 billion.

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Tom Conroy: tom.conroy@yale.edu, 203-432-1345