The New York Times: “In the latest annual National Association of College and University Business Officers-Commonfund study of endowment performance, the smallest endowments— those under $25 million — edged out the biggest endowments, averaging a five-year annualized return of 10.6 percent to the $1 billion-plus category’s 10.4 percent.”
“Even more surprising, the top-performing endowments over 10 years among all schools reporting data weren’t giants like Harvard and Stanford or even Yale … the top-performing colleges are two Virginia universities whose financial resources amount to a negligible fraction of the typical Ivy League endowment.”
“Radford University, which ranked first, has an endowment of $55.5 million, and Southern Virginia University, which was second, has an endowment of just $1.1 million. (Taken together, that’s 0.15 percent of Harvard’s endowment, the largest in the country, which is $37.6 billion.)”
