Yale endowment earns 40.2% investment return in fiscal 2021

“It was an extraordinary year for the endowment, which will benefit the Yale community now and for generations to come,” said Yale CIO Matt Mendelsohn.

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Tim Connors core team
3 months ago

Co-Founder & Founding Investor @ Platform Venture Studio

wowzers

Jeremy Burton core team
3 months ago

CEO / Founder @ Platform

That is incredible!

Marcelino Pantoja founder-in-residence
3 months ago

Founder-in-Residence @ Platform Venture Studio

The endowment returned 40.2% for FY 2021 at Yale. How much of the $12.1 billion in investment gains is from their venture portfolio?

Last fiscal year venture was 23% of the endowment. How much larger is it this year?

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"Yale’s endowment reported a 40.2% investment return, net of fees, for the year ending June 30, 2021, earning $12.1 billion in investment gains. The endowment value increased from $31.2 billion on June 30, 2020 to $42.3 billion on June 30, 2021. Endowment distributions to Yale’s operating budget during the period amounted to $1.5 billion, covering 35% of the university’s budget."

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"The endowment is structured to support the university in perpetuity. Yale pursues an investment strategy constructed to produce superior long-term performance through the careful consideration of risk and return across asset classes, including public equities, absolute return, leveraged buyouts, venture capital, and real assets, and through the astute selection of external investment managers within those asset classes.

Over the 10 years ending June 30, 2021, Yale’s endowment returned 12.4% per annum, trailing broad market results for domestic stocks, which returned 14.8%, and exceeding results for domestic bonds, which returned 3.4%. The average 10-year return for college and university endowments was an estimated 9.1%. During the 10-year period, Yale’s endowment grew from $19.4 billion to $42.3 billion after contributing $12.1 billion to the university’s operating budget.

Over the 20 years ending June 30, 2021, Yale’s endowment returned 11.3% per annum, exceeding broad market results for domestic stocks, which returned 9.1%, and for domestic bonds, which returned 4.6%. The average 20-year return for college and university endowments was an estimated 7.7%. During the 20-year period, Yale’s endowment grew from $10.7 billion to $42.3 billion after contributing $19.5 billion to the university’s operating budget."

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