Dartmouth’s endowment grew by 7.5 percent over the last fiscal year, bringing its total value to a new high of $5.7 billion, the College announced on Tuesday.
The return rate for the fiscal year ending in June 2019 is a slight decrease from the one-year return rates over the previous two years, which came in at 14.6 percent in FY 2017 and 12.2 percent in FY 2018. However, over the last 10 years, the endowment has seen an overall return rate of 10.7 percent.
In the past fiscal year, the College spent over $250 million from the endowment for its annual operating budget — a roughly five-percent distribution rate.
In a College press release, Board of Trustee member and investment committee chair Rick Kimball ’78 said the endowment’s growth will help Dartmouth maintain its long-term educational goals.
“This strong performance will help keep Dartmouth on a solid footing for future generations,” Kimball said in the release.
Another story with more information will be published in the near future.
