Endowment declines by 4 percent

by The Dartmouth Senior Staff | 9/24/16 11:14am

Dartmouth’s endowment posted a 1.9 percent investment loss for the fiscal year that ended June 30, according to a press release on Friday by the College. The overall endowment value now rests at $4.5 billion, reflecting a 4 percent decline from last year’s figure of about $4.7 billion.

A statement from Chief Investment Officer Pamela L. Peedin ’89, Tu ’98 attributed these declines to a volatile global economy. 

In fiscal year 2015, Dartmouth’s endowment earned 8.3 percent, buoyed by large investment returns and gifts. Over the past 20 years, the College’s endowment has posted an average annualized return of 10.2 percent.

Harvard University posted a 2 percent loss on its endowment fund — its largest decline since the financial crisis. While the University of Pennsylvania faced an investment loss of 1.4 percent, the school said its overall fund increased 6 percent to $10.7 billion as a result of new gifts and fund transfers.

Brown University, Columbia University, Cornell University and Princeton University have not yet reported their investment results.