Major universities are beginning to report the performance of their endowments for the fiscal year that ended on June 30, 2024, and the early news finds several institutions realizing double-digit investment gains. Here’s a rundown of some initial results.
Brown University’s endowment saw an 11.3% investment return during Fiscal Year 2024. It racked up $728 million in investment gains and $203 million in new endowed gifts. After a $281 million contribution to Brown’s operating budget, the endowment’s total market value increased from $6.6 billion to $7.2 billion.
The value of Columbia University’s endowment stood at $14.8 billion at the end of Fiscal Year 2024, reflecting a return of 11.5% on its assets. “Fiscal 2024 was a strong year for public market performance. We benefitted both from our exposure to public markets and from strong performance of individual managers relative to benchmarks,” said Columbia Investment Management Company President and CEO Kim Lew, in a news release.
Read more at Forbes.
