Stanford Endowment Grows to $38 Billion In Blockbuster Year
Stanford Endowment Returns 40%, Pushing Fund to $38 Billion
(Bloomberg) -- Stanford University’s pool of investment assets returned 40% in the fiscal year ended June 30, joining an array of colleges with blockbuster investment results.
Stanford’s endowment is part of a larger group of funds valued at $42 billion, and includes the capital reserves of Stanford Health Care and Lucile Packard Children’s Hospital, the school said in an emailed statement Tuesday.
The value of the endowment alone, which includes about 75% of that pool and other assets including real estate, rose to $38 billion as of Aug. 31, the end of the university’s fiscal year.
The outsized gain spurred the university to set aside an additional $500 million from the endowment for use to bolster Stanford’s academics, research, affordability, and inclusion and outreach activities, President Marc Tessier-Lavigne said in the statement.
“These results have created a tremendous opportunity to advance Stanford’s mission,” he said.
For fiscal 2021, the endowment disbursed $1.3 billion to support academic programs and financial aid and $379 million to fund Covid-related expenses and revenue shortfalls, the school said.
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