Princeton announced their endowment figures last week.
Princeton University’s endowment earned a 6.2 percent investment gain for the fiscal year that ended June 30, 2019. The endowment value stood at $26.1 billion, an increase of about $200 million from the previous year.
The endowment is the financial foundation that underpins the University’s teaching and research mission and supports an exceptional financial aid program that makes it possible for students from all backgrounds to live and learn at Princeton without incurring debt.
How are endowments doing in general?
Ivy League and other large endowments experienced a significant slide in performance. Many funds boosted allocations to alternative investments including hedge funds in recent years while scaling back exposure to U.S. equities. That misstep has been costly. Almost all of the college funds underperformed the S&P 500 Index, which gained 10.4% in the 12 months through June.
Read more about Princeton’s endowment here.
Post by Marcelino Pantoja