(from Pensions & Investments) Despite healthy returns in fiscal 2017, U.S. college and university endowments saw their 10-year annualized returns dip, according to the 2017 NACUBO Study of Endowments released Thursday. For the fiscal year ended June 30, 2017, one-year returns averaged 12.2 percent for the 809 participating schools in the study, a marked improvement from -0.19 percent the previous year and 2.4 percent in fiscal 2015. The study's 10-year annualized returns averaged 4.6 percent. The highest 10-year returns (5 percent) came from the largest and smallest institutions, those with more than $1 billion and less than $25 million in assets.
In all, participating school represent $566.8 billion in endowment assets. Of those, 44 percent had $100 million or less, and the median was $127.8 million. Average returns in 2017 were positive for all six sizes of endowments, in sharp contrast to 2016 when returns were negative for all sizes.
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