Endowment Performance Figures

Balancing the needs of present and future generations

$3.3B Total endowment value (pooled and separately invested funds) at June 30, 2023
$3.26B Pooled endowment value at June 30, 2023
+4.7% Pooled endowment investment return compared to +10.5% policy benchmark
+7.1% 10-year annualized return compared to +4.8% policy benchmark
$149.7M Total endowment investment gain
$171M Total endowment payout to university operations
$87.9M FY23 gifts from donors to the total endowment
$1.38M Board-designated transfer to the endowment
89 New endowments created in FY23

Policy Benchmark Constituents

Equity: MSCI All Country World Index (ACWI) ex-Fossil Fuels
(Constituent Weight: 65%, 1 Year Return: 16.51%)

Real Estate: FTSE NAREIT Index
(Constituent Weight: 6%, 1 Year Return: -3.59%)

Infrastructure: FTSE Global Core Infrastructure
(Constituent Weight: 6%,1 Year Return: 0.18%)

Credit: Bloomberg Barclays Aggregate Index
(Constituent Weight: 18%, 1 Year Return: -0.94%)

Cash: BAML 90-Day T-Bills Index
(Constituent Weight: 5%, 1 Year Return: 3.59%)

Policy Benchmark Commentary

The Endowment’s benchmark comprises five indices representing each of the asset classes of the portfolio. The weight of each index within the benchmark corresponds with the target allocation per the Investment Policy Statement. With the guidance and approval of the Subcommittee on Investments the benchmark construction and asset allocation are reviewed on an annual basis.

Inflation Benchmark

CPI-U + 5% (consumer price index serves as a measure of inflation): 7.97%

Endowment Performance Report

Learn more about the endowment’s management, purpose, policies, and more.

Read more

Total endowment market value (in millions)

Georgetown has a modest endowment compared to its academic peers, but the endowment’s market value has more than tripled since 2010, despite a volatile global economy, while generating $1 billion to support the university’s mission.

10-year cumulative return

Managed since 2005 by the university’s Chief Investment Officer and a professional staff, and guided by the Board of Directors’ Investment Subcommittee, Georgetown’s endowment reached an all-time high at the end of Fiscal Year 2023.

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FY23 total endowment activity

Philanthropic support is crucial to the growth of Georgetown’s endowment and plays an important role in the university’s ability to achieve its mission. In Fiscal Year 2023, the total endowment received $88 million in gifts from donors. The endowment spending rate in Fiscal Year 2023 was 4.6 percent, excluding internal investment management fees and other transfers from the pooled endowment.

Total Beginning Value $3.2B
Add:
Endowment Gifts +$87.9M
Investment Return and Reinvestment of Income +$172.8M
Board-Designated Transfer of Funds to the Endowment +$1.38M
Less:
Payout in Support of University Priorities and Other Transfers -$171M
Other Gift Transfers and Adjustments -$2.15M
FY23 Ending Value $3.3B

FY23 pooled endowment funds by purpose

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