January 27, 2006

College Endowments Post 'Respectable' Returns for 2005

By ERIN STROUT

Funds' 9.3% gain falls short of double-digit results seen in 2004

The endowments of U.S. colleges and universities earned decent returns in 2005, although most did not match the level of success they had in 2004.

Higher-education endowments earned an average 9.3 percent in the 2005 fiscal year, compared with the average 15.1 percent posted in the 2004 fiscal year, which ended on June 30 for most institutions.

That follows investment losses in 2001 and 2002 and a 3-percent

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