UC endowment investment payoff worst of 10 richest colleges

Kylie Lacey's picture

The University of California's $11.2 billion endowment has produced the worst investment returns of the 10 richest colleges in the country over the past decade, an analysis by the Center for Investigative Reporting shows.

From the 2004 through 2013 fiscal years, the university earned an average of 7.3 percent on the combined endowment of the system and individual campuses, while the other nine colleges with the largest endowment funds - which include the public University of Michigan and University of Texas - averaged 10 percent.

In 2013, the UC endowment's return improved dramatically. But better performance over the previous nine years would have meant tens of millions of dollars a year to spend during a decade when the public university system saw deep cuts in state funding.

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