Yale Endowment Reports 5.7% Return in FY24

Yale University’s endowment reported a 5.7% investment return, net of fees, for the fiscal year ending June 30, underperforming the broader public markets and leading CIO Matt Mendelsohn to underline the endowment’s long-term view.

The endowment garnered $2.3B in investment gains in the 2024 fiscal year, increasing the endowment’s value, after distributions, to $41.4B as compared to $40.7B at the close of fiscal 2023.

“Given our significant allocation to private assets, we expect to lag during periods of strong public market performance, particularly when exit markets for private assets are depressed,” Mendelsohn said in a press release. “As always, we remain focused on achieving investment success over the long term, knowing that doing so is likely to bring stretches of short-term underperformance.”

In the last decade, Yale’s endowment returned 9.5% per year, which it says exceeded the median 10-year return for college and university endowments by approximately 2.4% per year.

View the press release here.

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