University of Chicago endowment reaches new high

The University of Chicago endowment grew to a market value of $7.47 billion as of June 30, 2014, marking a 12.7 percent return on investments for the preceding year. 

The average compounded investment result for the University over the last five years was a 12.6 percent gain; and the average over the last 10 years was a 9.6 percent gain; and the return over the past 20 years was 11.2 percent.  Each of these gains compares favorably to the market-based, strategic benchmarks used by the University for these periods.

Vice President and Chief Investment Officer Mark Schmid noted that investment returns have added $3.6 billion in value to the endowment since the financial crisis in 2008 and 2009. Over the past two decades, the endowment has grown from $1.1 billion to its current level of $7.47 billion.

“We view investments as an important part of an integrated approach to the University’s fiscal health,” Schmid said. “Working closely with the Board of Trustees’ Investment Committee and Financial Planning Committee, as well as University leadership, we continue to believe this integrated approach will best support the University’s mission in all types of market conditions on a long-term basis.”