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October 18, 2017

University Endowment Reaches All-Time High

The University of Chicago’s endowment grew to $7.82 billion, the University News Office announced today. This follows a return of 11.4 percent on investments from the previous year.

The endowment grew after a 1.9 percent drop from 2015 to 2016. The current value is an all-time high for the University. The size of the University’s endowment varies from year to year based on fundraising, the value of the investments it contains, and the amount removed as endowment payouts for operating expenses.

According to a University press release, investment returns are positively affecting the endowment. Almost $5 billion in market value was added to the endowment, due to an average return rate of 9.7 percent since the 2008–2009 financial crisis.

The University of Chicago’s endowment does not rank among the top 10 largest university endowments in the United States at the end of the 2016 fiscal year. The largest endowment belongs to Harvard University and is worth $35.6 billion, while Yale University follows with $25.4 billion.

 

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