endowment
Cornell’s Endowment Reports 1.3 Percent Loss Amid Global Market Turmoil
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After a thirty-year record return last year, Cornell’s endowment reported a 1.3 percent investment loss, ending the 2022 fiscal year at $9.8 billion.
The Cornell Daily Sun (https://cornellsun.com/tag/endowment-returns/)
After a thirty-year record return last year, Cornell’s endowment reported a 1.3 percent investment loss, ending the 2022 fiscal year at $9.8 billion.
Cornell’s endowment increased from $6.9 to $7.3 billion in fiscal year 2019 to deliver a 5.3 percent return, marking a sharp decline from the 10.6 percent return of fiscal year 2018.
Dartmouth and Penn posted returns of 14.6 and 14.3 percent, respectively, while Harvard posted a meager 8.1 percent.