UF endowment drops 19.2 percent
Published: Friday, January 29, 2010 at 9:43 a.m.
Last Modified: Friday, January 29, 2010 at 7:40 p.m.
Though the size of UF's endowment slipped from $1.25 billion to just more than $1 billion in the past fiscal year, its investment returns fared slightly better than the national average, according to a study released Thursday.
While the rest of the nation saw its investment returns decline by 18.7 percent, UF's investments declined by 17.7 percent. Nevertheless, the market value of UF's endowment fell 19.2 percent, or almost a quarter billion dollars. Even with the loss, UF moved up from No. 60 to No. 52 in the national rankings.
Harvard retained the top spot, with an endowment valued at almost $26 billion at the end of June. Its endowment saw a loss of almost $11 billion, or 29.8 percent.
The study, conducted by the National Association of College and University Business Officers, compared data from 842 colleges and universities across the country.
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