TABLE 4-1 Average One-, Three-, Five-, and Ten-Year Net Returns on University Endowments, By Endowment Size, Fiscal Years 2009 and 2010

Numbers in Percent Total Institutions Over $1 Billion $ 501 Million - $1 Billion $101 Million- $500 Million $51 Million- $100 Million $25 Million - $50 Million Under $25 Million
842 850 52 60 60 66 219 226 164 169 137 145 210 184
Fiscal Years 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010 2009 2010
FY20I0 annual total net return -18.7 11.9 -20.5 12.2 -19.8 11.9 -19.7 11.9 -18.6 11.8 -18.5 12.0 -16.8 11.6
3-year net return -2.5 -4.2 -0.8 -3.5 -2.0 -3.9 -2.5 -4.4 -2.7 -4.3 -3.2 -4.2 -2.3 -3.9
5-year net return 2.7 3.0 5.1 4.7 3.5 3.6 2.6 3.0 2.7 2.7 2.1 2.6 2.1 2.2
10-year net return 4.0 3.4 6.1 5.0 4.3 3.6 3.7 3.3 3.7 3.3 3.4 2.9 3.9 2.8

SOURCE: National Association of College and University Business Officers, “Educational Endowments Earned Investment Returns Averaging 11.9 percent in FY2010,” http://www.nacubo.org/Documents/research/2010NCSE_Full_Data_Press_Release_Final.pdf (accessed September 17, 2011). Reprinted with permission from the 2010 NACUBO Commonfund Study of Endowments, National Association of College and University Business Officers (NACUBO), Copyright 2011.



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