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Endowments and Foundations

Stanford endowment achieves 13.1% one-year return

Stanford Management Co. on Thursday reported a net 13.1% return for the year ended June 30, according to a news release from the Palo Alto, Calif.-based Stanford University.

"Although comprising only a quarter of the total portfolio, public equity holdings led our result with very strong absolute and relative performance," said Robert Wallace, CEO of Stanford Management Co., in the news release.

Mr. Wallace said the endowment recorded $3.2 billion in investment gains for the year.

The value of the endowment was $24.8 billion at the end of the fiscal year on Aug. 31, up 10.7% from the year before. With merged investment pools including the endowment, Stanford Health Care and Lucile Packard Children's Hospital, Stanford Management Co. manages $26.9 billion.

Longer term, the endowment returned an annualized net 9.5% for the five-year period ended June 30 and 5.8% for the 10-year period.

The statement said Stanford's one-year return topped a broad universal of U.S. colleges and universities tracked by consultant Cambridge Associates, which saw a median 12.9% return. The Cambridge data was based on preliminary numbers.

The news release did not report the endowment's asset allocation or performance of individual asset classes or benchmark returns. The management company's annual report has yet to be released.

The latest returns are a turnaround for Stanford from the year before when the endowment and merged pools reported a investment return of -0.4% for the year ended June 30, 2016.

Stanford spokesman EJ Miranda did not respond to a phone call or an email seeking additional information.