Higher education endowment and foundation rates of return averaged 13% for the year ended June 30, a growth rate two percentage points higher than the previous year, according to the National Association of College and University Business Officers. The rate of return also is higher than the returns for the S&P 500, Russell 3000 and Lehman Brothers Aggregate Bond indexes for the year ended June 30, based on findings from the 2000 NACUBO Endowment Study, due out in mid-May.
Harvard University had the largest endowment, with $18.8 billion in assets as of June 30. The others in the top 10 are: Yale University, with $10.1 billion; University of Texas System, with $10 billion; Stanford University, $8.6 billion; Princeton University, $8.4 billion; Massachusetts Institute of Technology, $6.5 billion; University of California, $5.6 billion; Emory University, $5 billion; Columbia University, $4.3 billion; and Washington University of St. Louis, $4.2 billion.
TIAA-CREF assisted with gathering and compiling data.