New Jersey Health Foundation Endowments Exceed National Investment Returns for Second Consecutive Year
For the second consecutive year, New Jersey Health Foundation (NJHF) is proud to announce that its endowment returns exceeded the average of peer organizations across the country.
According to 2011 data released by NACUBO (National Association of College and University Business Officers) and the Commonfund Institute, returns averaged 19.8 percent on investments for fiscal year ended June 30, 2011. NJHF returns exceeded that by earning 23.2 percent on its investments during the same 2011 time period.
This is the second consecutive year NJHF endowment returns exceeded that of its peer group. In 2010, NJHF earned 15.9 percent on its annual returns; the 2010 NACUBO-Commonfund Institute study reported returns of 11.9 percent for 850 colleges, universities and affiliated foundations across the United States.
New Jersey Health Foundation is the parent company to the Foundation of UMDNJ and the Foundation for Healthcare Advancement, not-for-profit organizations that solicit private funding to support programs and services at the University of Medicine and Dentistry of New Jersey.
"Total return of the endowment provides additional vital funding for donor-specified activities in research, education, patient care and community service programs at the schools and institutes at the University of Medicine and Dentistry of New Jersey," explained James M. Golubieski, president.
The study collects data from colleges and universities nationwide with endowments ranging from less than $25 million to more than $1 billion.
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