Endowments greater than $1-billion performed better than smaller endowments over the previous one-year, five-year, and 10-year periods.
| Average compounded rates of return for periods ending June 30, 2011 |
| 1 year | 3 years | 5 years | 10 years |
All investment pools | 19.2% | 3.1% | 4.7% | 5.6% |
By size |
Over $1-billion | 20.1% | 2.4% | 5.4% | 6.9% |
$501-million to $1-billion | 18.8% | 2.6% | 4.8% | 6.0% |
$101-million to $500-million | 19.7% | 2.6% | 4.4% | 5.3% |
$51-million to $100-million | 19.3% | 2.8% | 4.4% | 5.1% |
$26-million to $50-million | 19.4% | 4.2% | 4.7% | 5.0% |
$25-million or less | 17.6% | 4.6% | 5.2% | 4.9% |
By type of institution |
Public | 19.1% | 3.3% | 4.9% | 5.4% |
Private nonprofit | 19.3% | 3.1% | 4.6% | 5.6% |
Comparative measurements |
Standard & Poor’s 500 Index | 30.7% | 3.3% | 2.9% | 2.7% |
Russell 3000 | 32.4% | 4.0% | 3.4% | 3.4% |
Morgan Stanley Capital International All-Country World Ex-U.S. Index | 30.9% | -1.1% | 2.5% | 6.6% |
Barclays Aggregate Bond Index | 3.9% | 6.5% | 6.5% | 5.7% |
Consumer Price Index | 2.0% | 1.5% | 2.2% | 2.6% |
Higher Education Price Index | 2.3% | 1.9% | 2.8% | 3.8% |
Note: The figures represent total average return rates, including changes in market value plus dividends and interest, based on data from 472 to 791 college investment pools, depending on the period covered.
Sources: Commonfund Institute, National Association of College and University Business Officers