ACE primer on endowments

Some stats on college and university endowments from the American Council on Education (“ACE”):
🔷 10-year returns since FY 2002 have averaged 7.2%
🔶 131 institutions have endowments exceeding $1 billion
🔷 48% of endowment spending went to student financial aid in 2023
🔶 56% of assets allocated to alternative investments

View the full report here.