Monday, January 31, 2011

Higher Ed Endowments Starting To Rebound- The NonProfit Times Jan 27, 2011: "Higher Ed Endowments Starting To Rebound

By Mark Hrywna

Endowments at colleges and universities boasted improved rates of return last year but still need a few more years to get back to pre-recession levels.

The average rate of return was 11.9 percent (net for fees) last year, quite a turnaround from the negative19 percent average return in 2009, according to the second annual NACUBO-Commonfund Study of Endowments (NCSE) which gathered data from 850 U.S. colleges, universities and affiliated foundations for the fiscal year 2010 (Jan. 1-June 30).

The study is a joint effort between the Wilton, Conn.-based Commonfund Institute and the National College and University Business Officers in Washington, D.C."