During FY 2023, the endowment returned 4.7%, resulting in investment gains totaling $113.8 million, the payout to support Grinnell’s operating budget was $95.6 million, and philanthropic gifts to the endowment totaled $4.2 million. The result was an increase in the endowment’s market value of $21.4 million and an ending value of $2.5 billion as of June 30, 2023. This robust performance was achieved in the context of a $10 million market swing.
During FY 2023, the endowment returned 4.7%, resulting in investment gains totaling $113.8 million, the payout to support Grinnell’s operating budget was $95.6 million, and philanthropic gifts to the endowment totaled $4.2 million. The result was an increase in the endowment’s market value of $21.4 million and an ending value of $2.5 billion as of June 30, 2023. This robust performance was achieved in the context of a $10 million market swing.
Annualized Rate of Return | 3 Year | 5 Year | 10 Year |
---|---|---|---|
June 30, 2023 | 9.8% | 8.5% | 8.6% |