Yale’s Endowment Totals $22.5 Billion Based on 28% Return
Yale’s Endowment earned a 28.0% return in the fiscal year ending June 30, 2007, bringing its value to $22.5 billion, the University’s Investments Office has announced. The Endowment’s value at the end of the preceding fiscal year, in which it earned a 22.9% return, was $18 billion.
“The growth of the Endowment allows the University to meet the new challenges of our age and support innovations in teaching and research,” said University President Richard C. Levin. “Whether it is through the sciences, the arts, our growing international engagement or the special dedication to undergraduate education, Yale’s proven capacity to contribute to our society is enhanced by the additional resources provided by the extraordinary work of our Investments Office and its external managers.”
Projected spending from the Endowment in the University’s 2007-8 fiscal year is $843 million, or 37% of the University’s net revenues. The Endowment is the single largest source of support for Yale’s budget and its annual contribution to the operating budget has increased nearly fourfold in the past 10 years.
Yale’s Endowment has returned an annualized 17.8% over the past decade, placing the University’s investment performance in the top rank of institutional funds. During that 10-year period, the Endowment has grown from $5.8 billion to $22.5 billion.