Endowment at a Glance

The Endowment By Division

The University of Rochester Medical Center comprises the largest share of the endowment. Arts, Sciences & Engineering and the Eastman School of Music account for the next two largest shares. The Simon Business School, Warner School of Education, and the Memorial Art Gallery collectively represent about 6% of the endowment. Approximately 6% of the endowment is from unrestricted gifts that are designated by the Board of Trustees as permanent support for education.

As of June 30, 2022 (fiscal year-end 2021)

Asset Allocation

Rochester’s portfolio is divided into 35% traditional publicly traded assets – stocks and bonds – and 65% non-publicly traded investments, such as private equity, hedge funds, and real estate, referred to as “alternative investments.” This approach has ensured growth during economic expansions and capital preservation in economic downturns, with volatility far below the benchmark.

Major asset classes generated the following performances in fiscal year 2021 (net of fees):

  • Publicly traded equity generated a net return of 40.4% compared to 39.3% for the global stock benchmark. Opportunistic funds returned 44.4% and international equity returned 38.2%.
  • Alternative investments generated a net return of 46.2%. Hedge funds returned 20.6%, private equity funds returned 82.8%, and real asset funds returned 11.8%.
  • Bonds and cash returned 5.0% compared to the 0.4% return for the bond/cash benchmark.

As of June 30, 2021 (fiscal year-end 2020)

Naveen Nataraj ’97

Naveen and Courtney Nataraj’97 commit $1 million to the Together for Rochester diversity,

Naveen Nataraj ’97 headshot

“Now more than ever before, we are all acutely aware of the headwinds faced by historically underrepresented groups in our country. Courtney and I established this scholarship challenge hopeful that others would step up, and we are glad that so many have joined us. It is so clear to us that when a collective community comes together, we can better help our most talented and diverse students pursue their aspirations and to do so free of undue financial hardship.”

CREATE AN ENDOWMENT