Yale University’s endowment delivered a net return of 0.8% for the fiscal year ended June 30, according to a Tuesday news release.
However, after $1.6 billion of spending distributions to the operating budget, the endowment value of the New Haven, Conn.-based institution decreased to $41.4 billion on June 30 from $42.3 billion a year earlier, the release noted.
Yale's endowment returned a net 40.2% in fiscal 2021.
For the 10-year and 20-year periods ended June 30, the endowment posted annualized net returns of 12% and 11.3%, respectively. These results exceeded the mean returns for college and university endowments by an estimated 3.4 and 3.5 percentage points per year, respectively, the release added.
“We expect challenging times ahead as rising interest rates, inflation, and the geopolitical environment provide stiff headwinds,” stated Matt Mendelsohn, Yale’s chief investment officer, in the release.
Mr. Mendelsohn was named CIO in August 2021, replacing the legendary investor David Swensen, who died in May 2021 from cancer.
Yale did not provide any data on asset allocation or asset class returns. Spokeswoman Karen Peart declined to comment.
