| Over the past three years, endowment market value has grown
by 36 percent, starting at $500 million and totaling $678 million in 2004-05. This
growth in endowment market value included $111 million in new endowment gifts over
the three-year period.
In 2004-05, donors contributed $42 million in new gifts toward endowments. Investment
returns accounted for 6.77 percent of the annual growth. Each of the 23 CSU campuses
and the Office of the Chancellor individually manage endowment funds. In 2004-05,
the median annual investment return was 7.40 percent.
Collectively, CSU institutions distributed $25 million from endowment in support
of the university’s students, faculty and programs.

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