THE BAKERSFIELD CALIFORNIAN: Returns on CSUB endowment surpass 30 percent

It was a prosperous year for Cal State Bakersfield’s endowment as the fund’s financial returns closed the fiscal year at a strong 30.41 percent.

Compare that with last year: CSUB’s endowment returns came in at 1.51 percent. Endowments at other colleges and universities were down during the peak of the pandemic last year, too, clocking in at 1.8 percent during fiscal year 2020, according to the National Association of College and University Business Officers.

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