Campus News

January 28, 2011

Emory's endowment is up

Emory's endowment rose 8.5 percent over a one-year period ending June 30, 2010, according to the National Association of College and Universities Business Officers (NACUBO).

The endowment increased from $4.3 billion to $4.6 billion, excluding fees.

Figures were released in annual rankings for the nation's largest endowments in higher education in the 2010 NACUBO-Commonwealth Study of Endowments (NCSE), which gathered data from 850 U.S. colleges, universities and affiliated foundations.  

Emory's FY2010 rate of return on the actively managed funds in its endowment was 10.8 percent.  The average rate of return for schools with endowments over $1 billion was 12.2 percent.  The average return for all schools surveyed was 11.9 percent.

"FY2010 was a constructive year for Emory and our investment strategies," says Mary Cahill, vice president for investments and chief investment officer. "Our rate of return was reasonably in line with our peers, and we look forward to the continued flexible management of Emory's portfolio, and the ability to build upon recent successes in FY2011."

In NCSE's FY2010 survey, Emory ranked 16th overall in market value of its endowment, down from 15th in the FY2009 ranking. The slip was due to the return of the Massachusetts Institute of Technology in the FY2010 survey, which was not ranked in the FY2009 survey, moving Emory and several peers down one notch in the overall endowment market value rankings.

View the survey results (PDF).

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