Over the past three years, endowment
market value has grown by 14 percent,
starting at $746 million and totaling
$854 million in 2007-2008. This growth
in endowment market value included
$163 million in new endowment gifts
over the three-year period.
In 2007-2008, donors contributed
$68 million in new gifts toward endowments.
As state resources diminish, these assets are
important for protecting the financial health
of the institution, as evident in the endowment
earnings distribution. Collectively,
CSU institutions distributed $33 million
from endowment in support of the university’s
students, faculty and programs.
Suffering from the volatility in the financial
markets, the system experienced a 5.2 percent
loss in investment returns during 2007-2008.
Each of the 23 CSU campuses and the Office
of the Chancellor individually manage endowment
funds, and the loss represents a dollar-weighted average.
The chart compares the equal-weighted 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 2008 National Association of College and University
Business Officers Endowment Survey comprised of data from 796 public and private universities.
Endowment Investment Performance
|>$100 m to <=$500 m
|>$50 m to <=$100 m
|>$25 m to <=$50 m
|Less than or <=$25 m
2007-2008 CSU Median = -4.15%
2007-2008 Industry Blended Benchmark Russell 3000 65% and Lehman Aggregate Bond 35% = -5.77%
National data based on the 2008 National Association of College Business Officers Endowment Survey