Feb 24, 2022, 3:59 PM
(from Pensions & Investments) Independent school endowments returned an average net 25.8% for the fiscal year ended June 30, according to an annual study from Commonfund Institute and the National Business Officers Association. The study, which compiled return results for fiscal year 2021 from private, nonprofit institutions enrolling students from kindergarten through 12th grade, showed a significant increase from the prior fiscal-year's average net return of 2.8%. It was also the highest return recorded since the Commonfund Institute began the study in fiscal year 2005. For the three, five and 10 years ended June 30, the average annualized net returns were 11.1%, 10.4% and 8.2%, respectively.
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