Goucher College: Goucher Sees 40% Return On Endowment

Towson MD

02 December, 2021

3:09 PM

Description

Press release from Goucher College: December 2, 2021 Goucher has outperformed its portfolio objectives, policy benchmark, and peers over a 10-year timeframe. Goucher College saw a 40.0 percent return on its endowment for the fiscal year 2021, which closed as of June 30, with the College's total investments standing at approximately $259 million. The 40 percent return on investments puts Goucher well above the 31.0 percent reported by Cambridge Associates for endowments of a similar size (<$300M). Goucher has outperformed its portfolio objectives, policy benchmark, and peers over a 10-year timeframe. Goucher College President Kent Devereaux has emphasized the importance of long-term endowment returns for several fiscal years. "We take the long view, and our 10-year average annual return of 8.4 percent is also a strong signal of our endowment's performance," he said. In fiscal year 2021, returns were led by strong performances in U.S. Equities, Resources, and Commodities, as well as outstanding returns on Private Equity investments. The College continues to build on its strong foundation as a higher education leader and recently launched a new strategic plan to enhance student success, expand global education, and emphasize inclusivity. Goucher is also currently in the midst of a yearlong process to develop a new campus master plan, focusing on accessibility, sustainability, and connectivity to the community. In addition, earlier this year the college surpassed $72 million raised toward its $100 million [UNDAUNTED] comprehensive campaign goal. Goucher College saw a 40.0 percent return on its endowment for the fiscal year 2021, which closed as of June 30, with the College's total investments standing at approximately $259 million. The 40 percent return on investments puts Goucher well above the 31.0 percent reported by Cambridge Associates for endowments of a similar size (<$300M). Goucher has outperformed its portfolio objectives, policy benchmark, and peers over a 10-year timeframe. Goucher College President Kent Devereaux has emphasized the importance of long-term endowment returns for several fiscal years. "We take the long view, and our 10-year average annual return of 8.4 percent is also a strong signal of our endowment's performance," he said. In fiscal year 2021, returns were led by strong performances in U.S. Equities, Resources, and Commodities, as well as outstanding returns on Private Equity investments. The College continues to build on its strong foundation as a higher education leader and recently launched a new strategic plan to enhance student success, expand global education, and emphasize inclusivity. Goucher is also currently in the midst of a yearlong process to develop a new campus master plan, focusing on accessibility, sustainability, and connectivity to the community. In addition, earlier this year the college surpassed $72 million raised toward its $100 million [UNDAUNTED] comprehensive campaign goal. This press release was produced by Goucher College. The views expressed here are the author's own.