Endowment returns drop across higher education

Image:  After booming returns from a red-hot market last year, endowments across higher education have taken a hit this year, with declines seen across the sector. As many colleges begin to make their endowment results available, the numbers coming out show a tale of two years—one up, the other down—which experts attribute to market volatility. Higher education endowments had a median return of 30.1 percent in fiscal year 2021. But analysis from this year shows declines; Wilshire...