FILE – People walk on the Stanford University campus beneath Hoover Tower in Stanford, Calif., on March 14, 2019. Anonymous comments with racist, sexist and abusive messages that were posted for years on a jobs-related website for economists originated from numerous leading U.S. universities, including Harvard, Stanford, and the University of Chicago, according to research released Thursday.
Stanford’s investment portfolio grew 8.4% for the fiscal year ending June 30. This performance trailed the 10.1% median return for U.S. college and university endowments for the year, as preliminarily reported by Cambridge Associates. “Strong results in publicly traded securities were diluted by weaker performance in non-marketable asset classes, including private equity,” he said.
Next year, Stanford’s endowment is expected to disburse $1.9 billion to support academic programs and financial aid. The endowment also advances particular fields of study through professorships, fellowships and research funds.The endowment is a collection of thousands of funds, many of which are restricted by their benefactors to specific purposes.