Endowment Statistics 2016-17

The College’s endowment ended the year with a balance of $577,000,000 and benefited from the strong gains in the worldwide equity markets.  It returned 13.3% for the fiscal year ending June 30, 2017, net of all fees and expenses, exceeding its passive benchmark return of 13.2%.  The global equity portion of the endowment’s portfolio returned 19.8% exceeding the MSCI All Country World Index of 19.4%.  The hedge fund and private equity portions of the endowment’s portfolio likewise delivered double-digit returns. 
Generally, the endowment is primarily invested with active managers who performed very well in 2017 and the endowments investment in equity markets has also been on a steep upward trajectory. While we believe the Endowment remains well invested and diversified, we continue to look for investment opportunities to add extra return over longer periods.

A look at Trinity’s 25-year growth history clearly shows that generous philanthropy, intelligent investing, and prudent spending contributed to significant gains over this period. More recently, the College’s investment manager, Investure, continues to focus on maintaining a comfortable level of liquidity in the portfolio and searching for opportunistic investments that have asymmetrical upside potential while limiting downside risk to complement core investments within the portfolio. Investure also continues to keep a close eye on the changing global economic landscape. The College administration has continued its prudent spending policy since the 2009 market collapse by consistently keeping annual spending under 5 percent of the endowment's market value.

Trinity administrators believe that diversification is paramount to safeguarding Trinity’s capital and maximizing returns. The investment committee’s mandate that, “a thoughtfully diversified portfolio provides necessary protection of the College’s assets,” has been strictly maintained. Trinity’s endowment is well diversified across asset classes and the College’s investment manager, Investure, continues to search for outstanding managers whose performance meets standards set by both Investure and the College’s investment committee.