NACUBO has released its endowment update for 2020, and once again it's not great news for UR. Things were obviously all over the place with COVID impacts (increased expenses, reduced student revenue, lower gift income) and a rocky investment environment, but UR's endowment declined by 4.26% from June 30, 2019, to June 30, 2020, dipping to $2.41 billion.
UR slipped from 41st to 45th in the rankings, dropping behind Indiana, Boston U, Iowa, and Amherst. Iowa had a whopping 60% increase in its endowment due to a deal that saw them receive over $1 billion from investors taking over the university's utility system.
For schools with endowments of over $1 billion, the average performance was +2.5%, so we significantly underperformed our peers. Looking at those 114 institutions with over $1 billion, the only U.S. schools that performed worse than we did were #22 Rice (–4.89%), #37 Caltech (–4.63%), #77 Alabama (–6.56%), #97 Baylor Medicine (–7.68%), and #98 Saint Louis (–4.41%).
Hope we can find our footing under the leadership of McLean, who started January 1.
UR slipped from 41st to 45th in the rankings, dropping behind Indiana, Boston U, Iowa, and Amherst. Iowa had a whopping 60% increase in its endowment due to a deal that saw them receive over $1 billion from investors taking over the university's utility system.
For schools with endowments of over $1 billion, the average performance was +2.5%, so we significantly underperformed our peers. Looking at those 114 institutions with over $1 billion, the only U.S. schools that performed worse than we did were #22 Rice (–4.89%), #37 Caltech (–4.63%), #77 Alabama (–6.56%), #97 Baylor Medicine (–7.68%), and #98 Saint Louis (–4.41%).
Hope we can find our footing under the leadership of McLean, who started January 1.
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