The school announced their endowment figures last month.
Penn’s endowment produced an investment return of 6.5 percent for the year ending June 30, 2019. Total endowment assets increased by $873 million during the year, reaching $14.7 billion as of June 30 (approximately $11.2 billion represents assets of the academic component of the University and $3.5 billion supports the University of Pennsylvania Health System). The endowment’s growth reflects the impact of investment returns, spending distributions, new gifts, and internal transfers.
Over the past five years, the endowment has returned an annualized 7.8 percent. The endowment returned 10.3 percent and 7.2 percent per annum over the past ten and twenty years, respectively. Penn’s performance has consistently outpaced a composite benchmark for these periods. Importantly, Penn’s long-term performance has enabled the endowment to exceed its goal of maintaining purchasing power after spending distributions.
Read more about Penn’s endowment here.
Post by Marcelino Pantoja