University endowment pool at $10.4 billion
Observer Staff Report | Monday, October 10, 2016
The Notre Dame endowment pool was $10.4 billion for fiscal year 2016, remaining essentially flat at a -0.3 percent return, vice president and chief investment officer Scott Malpass said in a University press release Sept. 30.
The average return among university endowments reported so far this year is a loss of 2.7 percent, according to the management firm Cambridge Associates.
Over the past 10 years, Notre Dame has ranked among the highest institutional investors, according to the release, earning an annualized return of 8 percent. The endowment pool grew from $5.1 billion to $10.4 billion.
During the same period of time, global equity markets and global bond markets were measured to be increasing by 4.5 percent and 4.6 percent respectively, according to the release.
Almost 33 percent of spending from the endowment is allotted to support student financial aid through scholarships and fellowships following requests from donors, according to the release. Nearly 20 percent supports professorships and teaching, and another 20 percent is designated for academic, religious and student programs.
Other endowment funds are used for general University purposes or to support specific departments or programs requested by donors, according to the release.
“I am delighted to see the impact of these returns in the advancement of the academy and student life, and especially in the financial aid resources available to our students,” Malpass said in the release.