As described in this 2016 Year in Review, there is great potential in the act of one. Moreover, this potential is multiplied when combined with the actions of others. Rush’s endowment is a meaningful example of how the collective generosity of a number of individuals can have a ripple effect that does so much for so many. Friends and partners of Rush have together created a permanent, yet powerful funding mechanism that ensures the excellence of our programs for generations to come.
We are pleased to present this report on the performance of our endowment in fiscal year 2016 (July 1, 2015-June 30, 2016). The endowment posted a modest decline of -0.6 percent for the fiscal year, net of fees; however, longer-term performance remains favorable with seven- and 10-year annualized returns of 8.2 percent and 5.5 percent, respectively. The endowment’s value remained close to its peak with a market value of $509.2 million as of June 30, 2016. Over the last 10 years, the endowment has provided support totaling more than $166 million for programs in patient care, research, education and community service. Our goal of providing responsible stewardship for these entrusted funds remains our unwavering focus.
On behalf of the executive leadership and that of the Board of Trustees, thank you for your steadfast support to achieve our shared goals and for your continued investment in our future.
Larry Goodman, MD
President, Rush University
Chief Executive Officer,
Rush University Medical Center
Chief Investment Officer,