For the fiscal year ending June 30, 2007, Duke University's endowment earned a return of 25.6 percent. Over the last ten years, the endowment has averaged an annual return of 17.1 percent. (The S&P with dividends reinvested earned about 7.3% per year over this period.)
Question of the day: instead of sending many letters asking me and my wife for donations, wouldn't Duke do better to offer to sell us investment advice or money management services?
(Link via my older daughter.)