The University of Notre Dame says its endowment pool was essentially flat for the 2016 fiscal year. The university reported $10.4 billion in its endowment pool, with a negative return of about one-third of a percent.
The university says the endowment pool has more than doubled over the last 10 years. More than 25 percent of its expenditures during the fiscal year came from spending distributions from the endowment pool, about $343 million.
Notre Dame says the majority of spending from the endowment pool, nearly 33 percent, supports student financial aid through scholarships and fellowships, as specified by donors. Nearly 20 percent supports professorships and teaching with another 20 percent supporting academic, religious and student programs.
Chief Investment Officer Scott Malpass says while the fiscal year 2016 return ticked downward, the university’s endowment pool has seen an annualized return of 8 percent over the past 10 years.