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Endowments and Foundations

Bowdoin College endowment posts 15.7% return for fiscal year

Bowdoin College's $1.6 billion endowment returned a net 15.7% for the fiscal year ended June 30, said Scott W. Hood, university spokesman, in an email.

The return exceeded the median return for college and university and endowments of 8.3% as measured by Cambridge Associates, a news release from the university said Tuesday.

For the three, five and 10 years ended June 30, the Brunswick, Maine-based college's endowment returned an annualized net 8.6%, 11.8% and 8.8%, respectively.

The endowment returned a net 12.4% for the fiscal year ended June 30, 2017.

Mr. Hood would not provide benchmark information, asset class returns or asset allocation information.

"The endowment represents a commitment by generations of Bowdoin alumni, parents, friends and other donors to advance excellence at the college now and into the future, despite the inevitable fluctuation in financial markets," said Clayton Rose, college president, in the news release.