KSU Foundation returns 8.8% for fiscal year but misses benchmark

Kansas State University Foundation's $1.1 billion long-term investment pool of endowment assets posted a net return of 8.8% for the fiscal year ended June 30.

The Manhattan, Kan.-based foundation’s return fell short of its policy benchmark return of 10.2% for the period, according to an investment performance report on its website.

For the five and 10 years ended June 30, the foundation’s investment pool returned an annualized net 10.3% and 7.2%, respectively, above their respective benchmark returns of 9.4% and 6.9%.

The investment pool had returned a net 1.8% for the fiscal year ended June 30, 2023.

The report did not provide returns by asset class.

The investment pool’s target allocation is 65% growth (which includes public and private equity), 27% diversifiers (which includes absolute return, private credit and real assets), and 8% safe haven (which includes U.S. Treasuries and Treasury inflation-protected securities).

Paul Chai, associate vice president of investment and chief investment officer, could not be immediately reached for further information.