Dartmouth College returns 1.6% for fiscal year

Dartmouth College's endowment recorded an investment return of 1.6% for the fiscal year ended June 30, compared with a return of -3.1% for the previous fiscal year ended June 30, 2022, according to an Oct. 13 news release from the Hanover, N.H.-based university.

A university representative did not respond to a request for comment about whether the returns were net of fees, the benchmark for the latest fiscal year, and the asset allocation and asset class returns for the latest fiscal year.

The endowment reported $7.9 billion in assets as of June 30, down 2.5% from June 30, 2022.

The news release said for longer-term periods ended June 30, annualized returns were 10.8% for five years, 10.7% for 10 years and 10% for 20 years. The news release didn't provide benchmarks and didn't say whether the results were net of fees.

"The superior performance of Dartmouth's endowment over an extended time period makes possible institutional investments in innovation and our academic mission that result in greater impact," said Sian Leah Beilock, the college's president, in the news release.