University endowment posts 'strong' gain in FY 2024
October 15, 2024
October 15, 2024
ITHACA, New York, Oct. 15 -- Cornell University issued the following news:
Cornell's endowment returned 8.7% in the fiscal year ending June 30, adding nearly $860 million in net investment gains to close with a value of approximately $10.7 billion, according to the Office of University Investments.
Over the past five years, the endowment has generated an annualized 10% return, exceeding the annualized benchmark return of 9%.
"The university endowment a . . .
Cornell's endowment returned 8.7% in the fiscal year ending June 30, adding nearly $860 million in net investment gains to close with a value of approximately $10.7 billion, according to the Office of University Investments.
Over the past five years, the endowment has generated an annualized 10% return, exceeding the annualized benchmark return of 9%.
"The university endowment a . . .