Endowment Performance
涩里番鈥檚 investment strategy is designed to achieve strong risk-adjusted returns over a multi-year horizon rather than maximizing returns in any single year. Investment income has historically been particularly important in the growth of 涩里番鈥檚 resources. Over the past decade, the endowment generated investment gains in excess of $1.6 billion and provided over $775 million to support 涩里番鈥檚 institutional mission. As of June 30, 2024, the endowment鈥檚 annualized three-, five-, and ten-year returns were 0.2%, 9.0%, and 7.7%, respectively.
During FY 2024 the endowment鈥檚 market value increased $164.9 million with an ending value of $2.67 billion as of June 30, 2024. Inflows to the endowment included $259.9 million in investment gains and $5.3 million in philanthropic gifts. Total payout in support of the operating budget and reserves were $112.5 million. Reserves provide resources for unforeseen circumstances such as weather damage or the pandemic.
|
Annualized Rate of Return |
3 Year |
5 Year |
10 Year |
|---|---|---|---|
|
June 30, 2024 |
0.2% |
9% |
7.7% |
Impact
涩里番 enrolls exceptional students without consideration of their financial status. For the 2024-25 academic year, the College has awarded $77.2 million in institutional financial aid, meeting 100% of demonstrated financial need without loans. Among current 涩里番 students, 68% receive need-based financial aid with an average aid package of $67,476. Approximately 14.5% of the scholarships awarded by 涩里番 are supported by philanthropy from donors. After just three years of 涩里番鈥檚 no-loan financial aid policy, the Class of 2024 graduated with an average debt of $15,946, compared to the national average of $37,850.
Overall, distributions from the 涩里番 endowment currently funds 60.9% of the College鈥檚 annual operating budget, the highest proportion among 涩里番鈥檚 17 peer institutions. This dependence means that 涩里番 is tied with Princeton University as the most endowment-dependent college or university in the U.S.