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

For the three years from FY2012 to FY2014, the top decile reported an average annual return of 10.9 percent while the top quartile realized an average annual return of 10.3 percent versus a 9.0 percent average return for the Study universe. For the five-year period, respective returns were 13.5 percent, 12.9 percent and 11.7 percent. The top decile reported 10-year returns of 8.3 percent, while the top quartile reported 7.6 percent. For the same period, the Study population overall reported an average annual return of 7.1 percent.