After a 26 percent decline in its endowment last fiscal year, Cornell has a lot of lost ground to recover. In the first two months of the current fiscal year, the University has been making substantial strides to even out its balance sheet, announcing a 6.2 percent rise in its overall investment performance.
Since reporting a 27 percent loss during the second half of 2008, the endowment rose 2 percent from January through June.
The endowment makes up $4 billion in the University’s $5.1 billion total investment at the end of the last fiscal year, which ended June 30. While the improvement in investment performance has brought more assets to the University, Cornell has taken substantial funds from the endowment in order to pay for operational costs.