The school announced their endowment figures a couple of weeks ago.
The University of Chicago endowment grew to an all-time high of $8.5 billion as of June 30, 2019, following a 6.9 percent return on investments for the preceding year.
Vice President and Chief Investment Officer Mark Schmid said investment returns have added nearly $5.9 billion in market value to the endowment since the financial crisis in 2008 and 2009, driven by a 9.3 percent average return.
The average compounded investment result for the University over the past 10 years was a 9.1 percent gain; the average over the past 15 years was an 8.3 percent gain; and the return over the past 20 years was 8.2 percent.
Who is Mark Schmid?
Less publicly visible but more highly paid than many of his administrator counterparts, Mark Schmid oversees the management of the University’s $8 billion endowment. Before coming to the University in 2009, Schmid was Vice President and Chief Investment Officer of Boeing, the aerospace manufacturer.
Read more about the University of Chicago’s endowment here.
Post by Marcelino Pantoja