University endowment funds topped $1.1 billion in 2011

12:02 p.m., March 21, 2012--The University of Delaware endowment topped $1.1 billion in Fiscal Year 2011, an increase of 16 percent over 2010.

The exact figure for the endowment for 2011 was $1,138,203,000, as compared to $981,551,000 the previous year.

Campus Stories

From graduates, faculty

As it neared time for the processional to open the University of Delaware Commencement ceremonies, graduating students and faculty members shared their feelings about what the event means to them.

Doctoral hooding

It was a day of triumph, cheers and collective relief as more than 160 students from 21 nations participated in the University of Delaware's Doctoral Hooding Convocation held Friday morning on The Green.

• Doctoral hooding
• Old Swedes
• Summer SAT, ACT prep
• 'Opus 13' pre-sale

Because of an error by UD in the reporting of the endowment information, a recent report by the National Association of College and University Business Officers (NACUBO) mistakenly listed the University's endowment for the fiscal year at $1,091,726,000.

The University asked NACUBO to correct the figure on its website, which the organization has done. NACUBO figures also are the basis of an annual news story in the Chronicle of Higher Education, which has noted the correct number.

The NACUBO information can be found at this website.

UD is ranked No. 66 in endowment among North American institutions of higher education. 

"The University of Delaware is pleased that its alumni and friends continue to support its many important programs through their outstanding generosity, enabling the endowment to continue to grow," said UD Executive Vice President Scott Douglass.

"We take very seriously our responsibility to be good stewards of the funds that have been entrusted to us," Douglass added.