Big Endowments And Underwhelming Returns At Kentucky Universities l Kentucky Center for Investigative Reporting
The Kentucky Center for Investigative Reporting examined five years’ worth of investment returns of 11 collegiate endowments across the state. The chief takeaway? Bigger is definitely not better. The public colleges in Kentucky that have amassed the largest war chests of public donations are nowhere near the winner’s circle when it comes to making money.
UK -- whose $1 billion endowment is the state’s largest -- ranked a mediocre sixth in generating returns on donors’ money over five years. The U of L Foundation’s ranked ninth.