Tufts' endowment reaches new high
Tufts’ endowment rose in value to a new high of $1.6 billion as of June 30, 2014. The Tufts Total Return Pool achieved a 14.2 percent investment return for fiscal year 2014. The Total Return Pool is the university’s primary investment pool and includes most of Tuft' endowment funds.
"The value of the endowment now exceeds levels reached prior to the global financial crisis," said Eric Johnson, vice president for University Advancement. "We are grateful for the generous alumni, parents, and friends who keep Tufts resilient and forward-looking with endowed gifts."
Endowed gifts in FY14 included $23 million in new endowed scholarships, much of which supports the Financial Aid Initiative. This initiative, initially a two-year endeavor, has been extended due to overwhelming response. The Financial Aid Initiative will now be active through fiscal year 2016 with a new goal of $50 million for endowed financial aid funds for all schools.
The endowment, the permanent capital of the university, is managed to achieve a rate of return that provides support of today’s priorities, including financial aid, professorships, and academic programs, while keeping pace with inflation to ensure support for future generations of students and faculty.