| 2003/04 |
$581,507,796 |
| 2004/05 |
$664,533,236 |
| 2005/06 |
$746,278,055 |
Over the past three years, endowment market value has grown by 25 percent,
starting at $596 million and totaling $746 million in 2005-2006. This growth in
endowment market value included $124 million in new endowment gifts over the
three-year period.
In 2005-2006, donors contributed $43 million in new gifts toward endowments.
Collectively, CSU institutions distributed $25 million from endowment in support
of the university’s students, faculty and programs.
Investment returns accounted for 10.04 percent of the annual growth in market
value. Currently, each of the 23 CSU campuses and the Office of the Chancellor
individually manage endowment funds. In 2005-2006, the median annual investment
return was 8.38 percent.
The chart below compares the average investment return for CSU campus endowments
within the indicated asset ranges to similarly sized endowments at universities across
the nation. The source of the national data is the 2006 National Association of College
and University Business Officers Endowment Survey comprised of data from 764 public
and private universities.
Endowment Investment Performance
| >$100 m to <=$500 m |
2 |
10.86% |
11.90% |
| >$50 m to <=$100 m |
2 |
11.55% |
10.00% |
| >$25 m to <=$50 m |
6 |
8.60% |
9.30% |
| Less than or <=$25 m |
14 |
7.11% |
7.80% |
2006 CSU Median = 8.38%
2006 Industry Blended Benchmark Russell 3000 65% and Lehman Aggregate 35% = 5.93% |
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