Princeton University’s endowment reported a 3.9% return on investment for the fiscal year ended June 30, increasing the value of its assets to $34.1 billion. This performance placed the school at the bottom by a wide margin of the seven Ivy League schools that reported annual investment returns last year.
Five of the other seven Ivy League schools, Columbia (11.5%), Brown (11.3%), Harvard (9.6%), Dartmouth (8.4%), and Cornell (8.7%), have more than twice as many schools as Princeton. Reported investment income. . The University of Pennsylvania’s portfolio returned 7.1%, outperforming Princeton University by 320 basis points. Yale is the only Ivy League school that has yet to announce its 2024 return.
The Princeton endowment’s return in fiscal year 2023 was -1.7%, ranking it last among Ivy League institutions and 59 out of 62 endowments with at least $1 billion in assets tracked by NEPC LLC. It became the rank.
Despite the underperformance, Princeton reported 10-year and 20-year annualized returns of 9.2% and 9.9%, respectively. Its 10-year return ranked third among the Ivies behind Brown and Dartmouth, which reported returns of 10.8% and 9.4%, respectively, over the same period.
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Princeton University Investment Company, which manages the fund’s portfolio, does not disclose investment returns by asset class or asset allocation, but its target asset allocation is 30% private equity, 24% independent income, 18% real assets, and 12% developed markets. %. , 8% emerging markets and 8% bonds and cash.
PRINCO also reported fiscal year endowment distributions of $1.7 billion. The foundation has donated $19.8 billion to Princeton University operations over the past 20 years, according to the announcement.
Related articles:
Brown University Endowment’s return in 2024 is 11.3%
Harvard University’s assets reach $53 billion with 9.6% return, endowment remains world’s largest
Columbia Fund to achieve 11.5% return in FY2024
Tags: Ivy League, Princeton, Princeton University Investment Company, PRINCO
