Webp biwaprgzln0nh5cxwoaydrgyslc1
Christian Mitchell Vice President for Civic Engagement | The University of Chicago

University of Chicago's FY24 endowment reaches $10.4 billion with an 8.4% return

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.

LETTER TO THE EDITOR

Have a concern or an opinion about this story? Click below to share your thoughts.
Send a Letter

Submit Your Story

Know of a story that needs to be covered? Pitch your story to The Southland Marquee.
Submit Your Story

More News