2005-2006 Annual Report on External Support to the CSU

Endowment

Endowment Market Value
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

Investment Pool
Asset Ranges
#CSU CSU Average
Investment Return
National Average
Investment Return
>$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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Last Updated: January 22, 2007