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Brown’s Endowment Grows to $3.5 Billion

Wednesday, October 04, 2017

 

Brown University

Brown University’s endowment produced a 13.4 percent return for the fiscal year that ended on June 30, 2017 and closed the period with a value of $3.5 billion.

“From providing scholarships to low- and moderate-income undergraduates to funding cutting-edge research by world-class faculty and graduate students, contributions from the endowment are vital in advancing Brown’s strategic priorities. At the same time, prudent management with a focus on preserving the endowment’s long-term strength ensures that Brown can continue to offer future students the same opportunities for learning, research, and discovery that students enjoy today,”  said Barbara Chernow, executive vice president for finance and administration.

Brown’s Endowment

Over the course of the fiscal year 2017 — July 1, 2016, to June 30, 2017 — the endowment distributed $179 million to the University’s operating budget, supporting student financial aid, professorships, academic programs, teaching, and research, among many other strategic University priorities.

In total, the distribution represents approximately $19,000 per student and 18 percent of Brown’s operating budget.

Brown’s 13.4 percent return exceeded both the preliminary return of its benchmark portfolio (11.1 percent) and Cambridge Associates’ preliminary mean and median returns for colleges and universities (12.9 percent). Since 2012, the endowment has grown from $2.6 billion to $3.5 billion, producing more than $1.3 billion in investment returns and contributing more than $800 million to support Brown’s operating budget.

Annualized returns for Brown’s endowment for three, five, 10 and 20 years are 5.8, 9.1, 5.2 and 8.6 percent, respectively.

 

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The CEO

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Visionary

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Boss

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