NMSU's endowment sees big increase

The New Mexico State University Foundation's endowment is now valued at $197 million. 

University officials say the endowment saw an 11.4 percent increase in returns over the last fiscal year. That's slightly below the average total net return for institutions with endowments that ranged between $101 million and $500 million.

NMSU Foundation President Tina Byford says growing the endowment is critical for advancing the university's mission. The foundation is a nonprofit organization that manages and invests private gifts to benefit teaching at NMSU, extension research and public service programs. 

The university says the foundation's asset allocation model is heavily weighted to domestic stocks, international equities and fixed income. Less than one-quarter is invested in the alternative market.

Information from The AP.



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