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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