For the fiscal 12 months that ended June 30, 2023, Princeton’s endowment generated a 1.7% funding loss and its worth stood at $34.1 billion. The common annual return on the endowment for the previous 10 years is 10.8% and is 10.5% for the previous 20 years.

The endowment is the monetary basis that underpins the College’s educating and analysis mission and helps Princeton’s distinctive monetary assist program, which makes it attainable for college kids from all backgrounds to stay and study on the College with out the necessity to incur debt.

“The returns on the endowment allow the College to commit to creating a Princeton training inexpensive for all admitted college students, at each the undergraduate and graduate stage,” Provost Jennifer Rexford stated. “Our beneficiant monetary assist packages make it attainable for undergraduates from all backgrounds, no matter their want, to pursue a Princeton training. Moreover, our stipends, advantages and campus housing for graduate college students make Princeton among the best locations on the earth to pursue a sophisticated diploma.”

The endowment helps nearly each facet of the College, together with:

• The continuous enlargement of Princeton’s beneficiant monetary assist program. The College’s monetary assist mannequin signifies that most households with incomes as much as $100,000 a 12 months pay nothing for his or her pupil to attend Princeton, and plenty of households residing within the U.S. with incomes as much as and even past $300,000 could obtain grant assist.
• Slicing-edge discoveries which have influence on the world, from local weather science to the therapy of illnesses comparable to most cancers and Alzheimer’s. 
• Capital tasks that help the expansion of the scholar physique, in addition to state-of-the-art analysis initiatives that advance scientific frontiers in areas like neuroscience and bioengineering.
• Service applications that fund college and college students to do on-the-ground work in communities near residence and around the globe.
• Outreach initiatives that help the success of first-generation, lower-income, veteran, neighborhood school and switch college students, together with the enlargement of Princeton’s switch admission program and new partnerships with neighborhood faculties in New Jersey.

The earnings from the endowment present about two-thirds of the College’s internet annual working revenues and assist fund the College’s highest precedence strategic initiatives, whereas preserving actual worth for future generations. This proportion has steadily elevated because the endowment has grown. In 1997, solely 33% of the College’s working income was funded by endowment earnings.

In fiscal 12 months 2023, distributions from the endowment totaled $1.6 billion. Over the past 20 years, the endowment has contributed $18.4 billion towards the College’s operations, equal to nearly double the endowment’s worth initially of that timespan.

Endowment funds at present cowl 70% of the undergraduate monetary assist funds, which has supported the College’s efforts to extend the socioeconomic variety of the scholar physique.

The fiscal 12 months 2023 endowment funding outcomes have been licensed by the Princeton College Funding Firm (PRINCO) board of administrators earlier this month.