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Brown’s endowment rose to a record $3.2 billion at the end of the fiscal year. The increase reflects a 16.1 percent return, similar to those reported by the other Ivies. For the second consecutive year the fund’s total value exceeds what it was at the time of the 2008 financial crash.




Comments (1)
12/01/14
 
"Endowment Return" would have the BAM reader believe that Brown's endowment return for FYE June 30, 2014 is comparable to the returns realized by other Ivies. Far from it. Brown's 16.1% return pales compared to Yale (20.2%), Princeton (19.6%), Dartmouth (19.2%), Penn & Columbia (17.5%). But, the real story is Brown's woeful longer-term endowment performance, where Brown underperforms its Ivy and non-Ivy peers by a considerable margin. Through June 30, 2014, Brown's 10-year average annual endowment return was 8.3%, substantially below Yale and Columbia (11.0%), MIT (10.9%), Notre Dame (10.8%), Duke (10.6%), Princeton (10.2%), Stanford (9.9%), U. Chicago (9.6%), Harvard (9.4%), and Dartmouth (9.2%), and barely ahead of Cornell (8.2%) and Penn (8.0%). All is far from well in Brown's endowment office. The effects of Brown's mediocre endowment performance will ripple through every department, school, institute, and program at the university for years to come. The university can ill-afford to cede such considerable financial ground to its peers. Where is the BAM article that examines the reason(s) why Brown's endowment performance trails its peers by such large margins?
 
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