Endowment Shows Strong Returns, Outperforms Peers

Endowment ChartThe Oswego College Foundation’s endowment continues to outperform not only peer schools, but the industry average as well, according to the survey results of the National Association of College and University Business Officers (NACUBO)-Commonfund Study of Endowments.

In fact, SUNY Oswego’s endowment has yielded stronger returns than the NACUBO average for the past 11 years and 14 out of 15 years. With a net rate of return at 12.4 percent, Oswego was two-tenths of a percentage point higher than the NACUBO average of 12.2 percent for 2017.

Oswego’s 10-year rate of return of 6.7 percent yielded 2.1 percent more than the NACUBO average, 2.2 percent more than our peer group of colleges with endowments of $25 million to $50 million, and 1.7 percent more than our aspirational peers with endowments valued over $1 billion.

This rate of return figure is significant because it is a key factor in determining how much money the Oswego College Foundation will pay out for its more than 350 privately endowed scholarships and its dozens of endowed funds.

“We are so fortunate to have a stellar group of alumni volunteers on the Oswego College Foundation Investment Committee who, in conjunction with President Deborah F. Stanley and finance director Mark Slayton, have astutely guided our endowment’s asset allocations,” said Mary Gibbons Canale ’81, vice president for development and alumni relations. “These returns enable us to maintain our significant support for students and their learning experiences that happen inside and outside of the classroom. This report signifies to our thousands of loyal donors that we are stewarding their gifts very carefully to ensure the biggest impact on our students’ experiences.”

The NACUBO report is based on data gathered from 809 U.S. colleges and universities, representing $566.8 billion in endowment assets, from July 1, 2016, to June 30, 2017. While the size of the median endowment was approximately $127.8 million, 44 percent of study participants had endowments that were $100 million or less.

This latest report perpetuates other positive news about the college endowment, which, as of March 1, 2018, was valued at $36.6 million—up 8.9 percent since June 30, 2017.

Increasing the endowment has been a major goal for SUNY Oswego, and much was gained through the most recent fundraising campaign, which started in 2011 with an endowment of $11.5 million. The college has more than tripled that amount in less than seven years.

—Margaret Spillett

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