New Jersey Health Foundation Endowments Exceed National Investment Returns
NEW BRUNSWICK, N.J., Feb. 10, 2011 /PRNewswire-USNewswire/ -- According to data recently released in the 2010 NACUBO (National Association of College and University Business Officers)-Commonfund Study of Endowments®, 850 colleges, universities and affiliated foundations across the United States earned an average of 11.9 percent on investments for fiscal year ended June 30, 2010.
New Jersey Health Foundation and its affiliate, the Foundation of UMDNJ, are proud to announce that its endowment returns exceeded that percent by earning a 15.9 percent annual return on its investments during the same time period. Endowment income provides additional vital funding for donor specified activities in areas such as research, education, patient care and community service programs at the University of Medicine and Dentistry of New Jersey.
For more information about the study, click here:
About New Jersey Health Foundation
New Jersey Health Foundation (www.njhealthfoundation.org), established in 2002 as a not-for-profit, public charity, is the parent company to the Foundation of UMDNJ (www.foundationofumdnj.org), which solicits private sector support for the University of Medicine and Dentistry of New Jersey and to Foundation Venture Capital Group, LLC, (www.foundationventure.com) which makes private equity investments in start-up technology companies founded by researchers at the University of Medicine and Dentistry of New Jersey.
SOURCE New Jersey Health Foundation