Yale endowment posts record 22 percent return, totals $15.2 Billion

[Scooter24]

NEW HAVEN — In its highest return to date, Yale University’s endowment grew 22.3 percent last year to $15.2 billion in assets.

In the last decade, the endowment has shot up from $4 billion to $15.2 billion, for an annualized rate of 17.3 percent, which puts it in the top 1 percent of institutional funds in the country.

However, in terms of total assets, Yale continues to lag behind Harvard University, which in 2004 had $22.6 billion in its endowment, the largest of any university in the nation.

...

It is Yale’s rate of return that continues to be the envy of private educational institutions. A review by the Harvard Management Co. ranked Yale first in this category, with Harvard coming in third for 1993-2003.

Yale is one of 47 U.S. colleges and universities with endowments of $1 billion or more, according to a study conducted by the Associated Press.

This school year, Yale will spend $610 million from the endowment on its budget, the largest single source of support behind grants, medical service income and student tuition and fees, which only cover some 13 percent of expenses.

http://www.nhregister.com/site/news.cfm?newsid=15241101&BRD=1281&PAG=461&dept_id=517515&rfi=6

Quite impressive. 17% annual return? wow!

[tinrobot]

1. They must be investing in California real estate

eom

[Scooter24]

3. haha...

I always knew California was special :)

[davepc]

2. trickle down economics at work

[Orrin_73]

4. I dont get it

what is this, schools should be teaching not investing. One malinvestment and these schools are gone.

[Yupster]

5. At 22 %

they aren't buying CD's and government bonds either.

I'm involved in two endowments, and in both of them we stick to bonds and we spend most of the interest each year.