Go back

University endowments are back in the black

University endowments were back up in 2003, according to survey by the National Association of College and University Business Officers quoted in The New York Times. Endowments yielded an average return of 2.9 percent last year.

In previous years, endowments lost 3.7 percent in 2001 and an additional 6.4 percent in 2002, forcing many universities to raise tuition and aggressively seek donations
University endowments were back up in 2003, according to survey by the National Association of College and University Business Officers quoted in The New York Times. Endowments yielded an average return of 2.9 percent last year.

In previous years, endowments lost 3.7 percent in 2001 and an additional 6.4 percent in 2002, forcing many universities to raise tuition and aggressively seek donations