http://www.nacubo.org/Images/All%20Institutions%20Listed%20by%20FY%202007%20Market%20Value%20of%20Endowment%20Assets_2007%20NES.pdf
*NOTE: This percentage does NOT represent the rate of return for the institution’s investments. Rather, the percent change in the market value of an endowment from fiscal year end 2006 to fiscal year end 2007 reflects the net impact of:
1) withdrawals to fund institutional operating and capital expenses; 2) the payment of endowment management and investment fees; 3) additions from donor gifts; and 4) investment gains or losses.
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