University of Minnesota Foundation, Minneapolis, returned 1.5% for its fiscal year ended June 30.
The return was below the foundation's custom benchmark return of 2.8% but above its 65% equity/35% bond benchmark's 0.2% return, according to its website.
The foundation had $2.2 billion in assets as of June 30, unchanged from 12 months earlier. Individual asset class returns were not provided.
In the previous fiscal year, the foundation returned 5.4% vs. the custom benchmark's 4.6% return and the 65%/35% benchmark return of -0.4%.
For periods ended June 30, the foundation returned an annualized 6.9% for five years compared to the custom benchmark's 6.6% return; 5.7% for 10 years vs. 6.1%; and 8.1% for 20 years vs. 6.6%.
The foundation's asset allocation as of June 30 was 33.1% global equity, 21.2% bonds and cash, 15.9% private equity, 14.2% credit, 9.4% real assets and 6.2% reinsurance.
The foundation assets are managed by University of Minnesota Foundation Investment Advisors, a non-profit subsidiary of the university.
