The Chronicle of Higher Education, January 28, 2005
Article by Erin Strout states that endowments at the majority of the country's colleges have grown. Endowments earned an average return of 15.1 percent in 2004, the highest since 1998. The annual survey of 741 colleges, released in January, is sponsored by the National Association of College and University Business Officers (NACUBO). DeSales, with a 14.3 percent increase, is among the educational institutions listed. According to Strout, the performance of college funds is the best in eight years, with only 11 in the survey of participating institutions losing value. This compares with almost 300 in 2003. The survey attributes the positive performance to strong markets in the United States and abroad last year. However, it also notes that when inflation and endowment spending rates are taken into account, the five-year average return of 3.8 percent translates into a decline in endowments' earning potential over that time.
Press Release: Endowments See Big Surge, Averaging a 15% Gain | Posted on: 1/28/2005
For more info:
Tom McNamara, Executive Director of Communications
DeSales University | 2255 Station Avenue | Center Valley, PA 18034
610.282.1100 x1219 | Tom.McNamara@desales.edu |
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