Endowment Performance and Management
Fiscal Year 2024 Endowment Performance
For the fiscal year ending June 30, 2024, the total value of the endowment was $14.8 billion. Columbia University produced a return of 11.5% on the managed assets in its endowment portfolio for FY24. The University’s trailing five and ten-year returns are 8.5% and 7.4%, respectively.
Columbia University Endowment Growth 2015 – 2024
(Market Value as of June 30)
Managing Columbia’s Endowment
In FY24, $648.4 million was distributed from the endowment in support of students, faculty and University activities, for a 5.2% effective spending rate.
Distributions from the Endowment Pool
The Columbia Investment Management Company (IMC)
The Columbia Investment Management Company (IMC) manages the bulk of the University’s endowment. The IMC is governed by a Board of highly distinguished professionals from a variety of financial backgrounds and run by its management team, headed by its President and CEO, Kim Lew.
The goal of the IMC is to generate attractive long-term risk-adjusted returns. The asset allocation of the portfolio and the IMC’s manager selection strategies are not based upon quarterly or even annual market movements. The IMC believes that such an approach is consistent with the University’s objective to achieve growth in the endowment over the long term.
Learn more about Columbia’s endowment policies
For more information about the endowment, the Columbia IMC, and a current Board listing.
