Miami University

Miami in Top 20 for Endowment Return

12/18/1997

OXFORD, Ohio -- Miami University ranks among the top 20 of the

nation's colleges and universities for the rate of return on its

endowment.

The university earned 27 percent for the year that ended June 30, 1997,

bringing the value of its investment portfolio to more than $155 million.

A preliminary report by the National Association of College and University

Business Officers (NACUBO) listed Miami as 19th best performer out of 375

colleges and universities surveyed.

"We're pleased that the university has positioned itself to reap the

benefits of the bull market," said Edward J. Demske, senior vice president for

finance and university services.

"But more important than the one-year performance is the fact that

according to the NACUBO survey, Miami's performance for one, three and five

years places us in the top 10 percent of the institutions surveyed," he said.

The strong endowment performance will have a long lasting impact

on support of scholarships and other education programs, according to Demske.

"We've been fortunate to have had a number of Miami alumni who have given

their time and energy serving on the Investment Committee and as trustees of

the Miami University Foundation," he said.

These volunteers have helped design the university's asset allocation

program and have assisted in selecting and monitoring the performance of the

university's investment managers, Demske said.