In The News
For 24 years, Karen Bradley worked as a nurse at St. Clare’s Hospital in Schenectady, N.Y. The pay wasn’t great, she says, but it was a good hospital, the place where her father once worked as a pharmacist. Bradley thought that if she stayed she’d have a nice pension for retirement.
Cornell University’s endowment earned a 5.3% return for the fiscal year ending June 30. The investments reached $7.3 billion, a new record.
Officials concerned about annuity fees and disclosures to teachers.
A private-sector pension crisis is hitting roughly 19,000 current and retired unionized skilled trades workers in southeast Michigan, another sign of the precarious nature of some pension promises made to workers years ago.
For the 12 months ending June 30, 2019, Stanford Management Company generated a 6.5 percent investment return, net of all internal and external costs and fees, but gross of the newly levied tax on certain endowments.
I am pleased to report that as we closed fiscal year 2019. the Total Endowment achieved top-quartile performance relative to other endowments, returning 7.3 percent for the fiscal year ending June 30, 2019.
The Board of Trustees learned at its first annual meeting that Duke’s endowment has hit another record high valuation.
Yale posted 5.7 percent returns on its endowment in the fiscal year 2018-19 –– a figure that falls slightly below last year’s above-average returns.
With its investment portfolio benefiting from a strong performance distributed access asset classes, Brown University’s endowment significantly outperformed its benchmarks with a 12.4% return during Fiscal Year 2019.
The endowment’s value was $40.9 billion as of this past June 30, the end of fiscal year 2019—an increase of $1.7 billion (4.3 percent) from $39.2 billion a year earlier.
