Stanford University Merged Pool, which includes endowment assets, returned 7% for the 12 months ended June 30, surpassing its 3.2% benchmark, the Palo Alto, Calif.-based university announced Tuesday.
Stanford’s return also exceeded the 4% median return for large endowments and foundations as measured by the Wilshire Trust Universe Comparison Service.
Longer term, the merged pool had a 10-year annualized return of 8.7%.
For the fiscal year ended Aug. 31, Stanford’s endowment rose in value 3.6% to $22.2 billion.
“The endowment increased as a result of the generosity of Stanford’s donors as well as positive investment returns, which were augmented by substantial growth in value of income-generating properties on Stanford’s lands,” said Randy Livingston, vice president for business affairs and chief financial officer, in a news release.
A university spokeswoman was not immediately available to provide additional information.
