Yale University’s endowment gained $759 million from its investments in the fiscal year that ended June 30, representing a 1.8% return, the school announced Wednesday.
Also, the school’s endowment received $292 million in gifts during the fiscal year.
However, the endowment decreased in value, from $41.4 billion on June 30, 2022 to $40.7 billion on June 30, 2023, after disbursing $1.8 billion to the operating budget.
Yale’s endowment is “managed to provide a steady stream of income to the university’s operating budget, while preserving purchasing power for future generations.”
“The endowment invests with a long time-horizon, and the university balances current spending needs with support for its long-term priorities,” the announcement says.
Spending from the endowment includes supporting a need-blind admissions policy, recent student-body growth, sustainability efforts and investment in science and engineering.
Yale said its investment strategy has produced positive long-term results.
Over the last decade, its endowment returned 10.9% per year, exceeding the average 10-year return for college and university endowments by about 3% per year.