Endowment
Performance and
Management

Fiscal Year 2023 Endowment Performance

For the fiscal year ending June 30, 2023, the total value of the endowment was $13.64 billion. Columbia University produced a return of 4.7% on the managed assets in its endowment portfolio for FY23. The University’s trailing ten-year return is 8.0%.
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Columbia University Endowment Growth 2014 - 2023

(Market Value as of June 30)

Managing Columbia’s Endowment

In FY23, $632.5 million was distributed from the endowment in support of students, faculty and University activities, for a 5.2% effective spending rate.
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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

View the University’s Financial Overview

For more information about the endowment, the Columbia IMC and a current Board listing

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