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Endowments on the rebound.

After being severely impacted by the economic downturn of 2008, college endowments appear to be recovering, according to information released by NACUBO and Commonfund in February. Data gathered from 823 U.S. colleges and universities show that these institutions' endowments returned an average of 19.2 percent (net of fees) for FY2011 up from 11.9 percent return reported for FY2010. About half of the schools surveyed had made progress towards equaling or surpassing their endowment levels of pre-recession 2008.

This improvement also follows on a low point return of -18.7 percent reported for FY2009. But, says Commonfund, the returns were still below the average inflation-adjusted spending rates of educational institutions, indicating that the damage inflicted by the downturn is still being felt by endowments.

Rank School Endowment as
 of 6/30/11

1 Harvard University 31.7B
2 Yale University 19.4B
3 University of Texas System $17.1B
4 Princeton University 17.1B
5 Stanford University $16.5B
6 Massachusetts Institute of Technology $9.7B
7 University of Michigan 7.8B
8 Columbia University 7.8B
9 Northwestern University $7.2B
10 Texas A&M University System & Foundations $7B

Source: 2011 NACUBO-Commonfund Study of Endowments
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Title Annotation:CAMPUS CFO
Publication:University Business
Date:Mar 1, 2012
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