"The endowment is intergenerational in its time horizon, and we will continue to maintain the diversification and long-term structure necessary to withstand changes in market conditions." - Kenneth Miranda
"Cornell's long-term orientation, portfolio structure and asset allocation are designed to weather market fluctuations and reflect the Office of University Investments' multiyear effort to diversify investments and strategies, reduce fees and enhance liquidity and flexibility."
"Over the past five years, the endowment has generated an annualized 10% return, exceeding the annualized benchmark return of 9%."
"In FY 2024, the endowment contributed $411 million toward these expenses, equivalent to about 7% of the university's operating revenue."
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