The University of Chicago's endowment reached $10.4 billion at the conclusion of fiscal year 2024, recording an 8.4% return on investments as of June 30, 2024.
Annual endowment figures reflect the combined effects of fundraising, investment performance, and endowment payout, all contributing to the University's operating budget. The Office of Investments maintains a long-term perspective on the University's endowment performance. Over periods of 15 and 20 years, the endowment has achieved annualized returns of 8.6% and 8.2%, respectively.
The endowment serves as a permanent resource aimed at supporting the University's activities over an extended period. By providing a consistent source of income to the operating budget, endowed funds support various programs and initiatives at both the University and its Medical Center. Most of the University's endowment is legally restricted for specific purposes. Over the past decade, strategic investments from the endowment have significantly increased financial aid for undergraduate students and expanded support for faculty and graduate students.