Skip to main content
Carnegie Mellon University campus seen from the air.

Carnegie Mellon Endowment Stands at $3.2B in 2024

Media Inquiries
Name
Cassia Crogan
Title
University Communications & Marketing

The value of Carnegie Mellon University's endowment stood at $3.2 billion as of June 30, 2024. 

Distributions from the endowment totaled nearly $150 million, equivalent to 9.4% of annual operating expenditures, growing from 5% during the last decade to support scholarships and other aspects of the university’s education and research mission.

Carnegie Mellon's endowment investments returned 6.6% for the June 30 fiscal year, net of all fees and expenses. The endowment's per annum investment returns for trailing 10-year, five-year, and three-year periods averaged 8.7%, 9.8%, and 2%, respectively.

The university's endowment value does not include assets from The Dietrich Foundation(opens in new window), which also generates returns to benefit Carnegie Mellon. The endowment receives 53.5% of the foundation's annual distributions. Applying this percentage to The Dietrich Foundation's assets as of June 30, 2024, results in a $765 million share. The endowment, in combination with this share, totals $4 billion invested for the benefit of Carnegie Mellon's students, faculty, and programs in perpetuity.

"The endowment experienced slight growth during the fiscal year despite the decrease in the number of IPOs and sales of companies to strategic buyers during the period. We continue to focus our global investment strategy on opportunities to compound investment returns at attractive, risk-adjusted rates over the long term, while our investment managers continue to work with their portfolio companies to add value, especially in the areas of revenue growth and profitability," said Charles A. Kennedy(opens in new window), Carnegie Mellon's chief investment officer. "Through continued support from our generous donors and ongoing partnerships with top investment managers, the endowment will continue to increase its meaningful role in supporting the university’s students and faculty as they continue to work to shape the future."

— Related Content —