With 11.3% return in 2024, Brown endowment provides record support for academic priorities

PROVIDENCE, R.I. [Brown University] - The Brown University endowment generated an 11.3% investment return during Brown's Fiscal Year 2024, the 12-month period that closed on June 30, 2024.

With $728 million in investment gains, $203 million in new endowed gifts and a $281 million contribution to Brown's operating budget, the endowment's total market value increased from $6.6 billion to $7.2 billion.

The $281 million contribution to the operating budget supported student scholarships, professorships, academic programs, teaching and research, among other strategic priorities. The contribution marked a 16.6% increase over FY23 and an all-time high, and represents $26,171 per student and 21% of Brown's total revenue.

Data compiled by Cambridge Associates indicates that Brown's 11.3% return for FY24 falls in the first quartile of endowment and foundation peers, a group that includes more than 130 institutions. Longer-term results suggest that Brown's investment outcomes have been exceptional - over five- and 10-year terms, Brown's investment returns fall in the top 5% of peer results, in each case by a significant margin.