Notre Dame Endowment Pool Rises Again
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe University of Notre Dame says its endowment pool ended the fiscal year in June with $13.1 billion, up from $11.8 billion the previous year. Chief Investment Officer Scott Malpass adds the pool saw a slight decrease in its return at 12.2 percent.
Malpass says the university saw spending distributions of about $400 million for the fiscal year with scholarships and fellowships accounting for nearly one-third of spending. Endowment pool distributions have increased 116 percent over the past 10 years and the university says its longer-term results are in the top tier of institutional investors.
Malpass adds the endowment pool provides for students and faculty in almost every area of the university.