University endowment reports 'solid' return in FY 2023
October 27, 2023
October 27, 2023
ITHACA, New York, Oct. 27 -- Cornell University issued the following news:
Cornell's endowment achieved a 3.6% return in the fiscal year ending June 30, adding a net investment gain of $355 million to finish the year valued at just over $10 billion, according to the Office of University Investments.
With the investment gain in FY 2023, the endowment has returned an annualized 9.3% over the past five years, exceeding its benchmark by 1.9% per year.
"The . . .
Cornell's endowment achieved a 3.6% return in the fiscal year ending June 30, adding a net investment gain of $355 million to finish the year valued at just over $10 billion, according to the Office of University Investments.
With the investment gain in FY 2023, the endowment has returned an annualized 9.3% over the past five years, exceeding its benchmark by 1.9% per year.
"The . . .