Study: Educational Endowments' Investment Returns Averaged 15.5 Percent in FY2014

Fund Flows

The FY2014 effective spending rate for the 832 participating institutions averaged 4.4 percent, unchanged from last year’s Study. The effective spending rate ranged from a high of 4.6 percent for the largest and smallest endowments to a low of 4.2 percent for institutions with assets between $25 and $50 million.