January 12, 2010
Preliminary data gathered from colleges and universities participating in the 2009 NACUBO-Commonfund Study of Endowments show endowments and affiliated foundations had an average investment return of -19 percent (net of fees) for the 2009 fiscal year July 1, 2008 to June 30, 2009. The preliminary 10-year average net return is just 4.2 percent.
The data come from surveys of 504 public and private colleges and universities, their supporting foundations, and community colleges. It is anticipated that more than 800 institutions will ultimately participate in the study by the time final results are announced on January 27, 2010 at the NACUBO (National Association of College and University Business Officers) Endowment Management Forum in New York City.
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Source: Nonprofit Times, December 10, 2009
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