FY23 Online Annual Report - Flipbook - Page 12
ENDOWMENT PERFORMANCE
FISCAL YEAR 2022
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 illustrated in the figure below, the
Boise State University Foundation’s endowment investment pool generated a -13.1 percent return
during the fiscal year. Despite significant market headwinds not seen since the global financial
crisis of 2008-09, this return outperformed its benchmark policy by approximately three-tenths
of a percentage point. In addition, the investment pool returns for the three-, five-, and ten-year
periods ending June 30, 2022, only slightly underperformed their benchmarks by 0.2, 0.5, and 0.2
percentage points, respectively. These results stem from a more conservative asset allocation in line
with the Foundation’s goal of maintaining the value of our endowment corpus.
FY2022 ENDOWMENT INVESTMENT POOL RETURN
8%
6%
4%
4.0%
4.2%
4.6%
5.5%
5.2%
4.7%
6.1%
6.3%
6.9%
2%
1 YEAR
0%
3 YEAR
-2%
5 YEAR
10 YEAR
-4%
-6%
-8%
-10%
-12%
-11.9%
-13.1% -13.4%
-14%
Endowment investment pool
annualized return
12 | 2021–2022 ANNUAL REPORT
Policy portfolio annualized
benchmark return
RVK - endowments & foundations
(
