Endowment Summary (W087)

Dollars in millions
Fiscal Year Market Value Book Value Gifts to Endowment Endowment Spending Endowment Spending as a Pct of Operating Expenditures
2021 41,913 NA 636.1 1,513 36.0%
2020 30,957 NA 331.7 1,438 35.6%
2019 30,295 NA 381.2 1,355 35.3%
2018 29,445 NA 138.0 1,282 35.4%
2017 27,217 NA 204.2 1,226 35.2%
2016 25,413 NA 182.2 1,154 34.0%
2015 25,543 NA 117.4 1,083 34.0%
2014 23,858 NA 131.4 1,042 34.0%
2013 20,709 NA 147.0 1,019 34.0%
2012 19,264 NA 137.7 992 35.2%
2011 19,174 NA 303.4 983 36.6%
2010 16,504 NA 84.9 1,105 43.0%
2009 16,104 NA 166.1 1,163 47.0%
2008 22,686 NA 232.4 850 37.0%
2007 22,365 NA 219.7 684 32.0%
2006 17,949 NA 168.5 616 31.0%
2005 15,091 NA 259.7 567 32.0%
2004 12,741 NA 114.2 502 30.0%
2003 11,049 NA 92.7 470 30.0%
2002 10,523 NA 100.4 415 29.0%
2001 10,733 NA 100.4 338 25.0%
2000 10,085 NA 162.1 280 22.2%
1999 7,180 6,072.9 59.5 253 22.0%
1998 6,598 5,707.8 74.8 218 20.1%
1997 5,759 4,617.6 47.0 188 18.9%
1996 4,861 3,997.2 52.3 166 17.8%
1995 3,982 3,451.2 54.2 146 16.2%
1994 3,549 3,164.3 56.0 132 14.6%
1993 3,244 2,886.6 34.2 119 14.0%
1992 2,846 2,636.5 20.5 104 13.0%
1991 2,591 2,399.0 45.6 95 12.6%
1990 2,585 2,258.4 34.2 84 12.1%
1989 2,342 2,019.1 26.8 77 12.0%
1987 2,111 1,473.3 35.6 57 10.9%
1986 1,751 1,204.4 32.7 49 10.2%
1985 1,319 1,056.1 22.0 45 10.2%
1984 1,069 964.5 18.9 40 9.8%
1983 1,098 874.9 14.1 39 10.5%
1982 747 752.6 21.2 36 10.7%
1981 799 699.3 20.2 34 11.4%
1980 676 612.9 22.8 33 12.4%
1979 585 554.7 28.9 33 14.1%
1978 545 552.5 22.8 32 15.0%
1977 563 556.5 15.2 32 15.6%
1976 568 535.5 17.5 32 16.8%
1975 518 511.3 7.6 33 19.2%
1974 461 532.5 23.9 32 20.6%
1973 517 561.0 10.9 31 21.8%
1972 595 542.9 22.4 30 22.0%
1971 547 534.3 27.0 31 23.9%
1970 419 495.7 13.0 31 24.7%
1969 522 509.7 12.9 25 22.2%
1968 546 476.1 8.4 23 23.1%

Notes:
When numbers were adjusted in original reports from which these data were collected, the adjusted figures are shown here. "NA" indicates that data were not available for those given years.
Revised (6/14/11): "Gifts to Endowment" figures for 1995 through 2000 were revised to correctly reflect financial capital contributions (i.e., gifts to endowment), as opposed to endowment pledge receivable balances, which had been erroneously reported in this category.

2020 market value has been restated due to prior year financial statement reclassifications related to liabilities associated with investments.

Source:
Yale University Annual Reports, Reports of the Treasurer, Yale Investments Office Reports.
OIR W087
Finance Endowment Summary
Last updated: 2/8/2022