Dartmouth College's $8.5 billion endowment returned 46.5% for the fiscal year ended June 30, according to a news release Monday on the Hanover, N.H.-based college's website.
For the 10 years ended June 30, the endowment returned an annualized 12.8%.
The endowment returned 7.6% for the fiscal year ended June 30, 2020.
The news release did not say whether the returns were gross or net of fees.
"It has been inspiring to see the Dartmouth community rise to the challenges of the last 18 months," College President Philip J. Hanlon said in the news release. "This is a moment to recognize the contributions of the community by investing in Dartmouth's strategic priorities and its people."
Benchmark returns and asset class information were not provided. According to the endowment's 2020 report, long-term capital allocation ranges for asset classes as of June 30 of that year were: 20%-35% global equities; 20%-30% each hedge funds and venture capital/private equity; 5%-15% natural resources, 3%-12.5% fixed income, cash and other; and zero-10% real estate.
Separately, in an Oct. 8 news release, Dartmouth revealed its investment office decided early in 2020 to divest from fossil fuels.
"Our research led us to pivot away from fossil fuels and seek investment opportunities in the clean energy sector," said Alice Ruth, the investment office's CEO, in the news release. "The remaining exposure to fossil fuel funds, currently less than 5% of the endowment today, will decline over time to zero."
