Dartmouth endowment sees 7.6% return for fiscal year

Dartmouth College's $6 billion endowment returned 7.6% for the fiscal year ended June 30, according to a news release on the Hanover, N.H.-based college's website.

For the 10 years ended June 30, the endowment returned an annualized 10.4%,

For the fiscal year ended June 30, 2019, the endowment returned a net 7.5%.

"Given the financial challenges facing institutions of higher education, including Dartmouth, as a result of the COVID-19 pandemic and how volatile the markets were in the second half of the fiscal year, we are very pleased with this result," Philip J. Hanlon, the college's president, said in the news release. "Over the longer term, the strength of the endowment continues to enable Dartmouth to invest in key long-term strategic initiatives."

Benchmark returns and asset class information were not provided. According to the endowment's 2019 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.

Dartmouth spokeswoman Amy D. Olson could not be immediately reached for additional information.