According to preliminary data from the 2013 NACUBO-Commonfund Study of Endowments, U.S. educational endowments returned an average of 11.7% net of fees in the fiscal year ended June 30, 2013., which is a significant improvement over the -0.3% return in the prior fiscal year. The average 3 year trailing return as of June 30 was 10.4% for the 206 surveys received to date, while the average five-year trailing return was 4.3% and 7.1% for the 10-year period. Returns are net of fees and annualized.
Source: Pensions & Investments
