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The endowment revenue funds approximately 1/3 of Macalester’s operating budget. The rest comes from tuition and fees and annual philanthropic support. The revenue from our endowment enables the college to spend more on educating students, but it does not lessen the need for tuition or donor generosity. Relying entirely on the endowment to fund operations would quickly deplete it.
In the year that ended March 31, 2019, Macalester’s portfolio returned 5.3 percent, totaling $763 million. The endowment is broadly diversified and seeks returns sufficient to preserve and potentially grow the inflation-adjusted value over time, providing a reliable foundation for Macalester’s future.