ENDOWMENT HISTORY

Prior to 2004, Georgetown's endowment grew modestly under the management of an outside consultant and the Subcommittee on Investments of the Georgetown University Board of Directors. In summer 2004, the university hired its first chief investment officer to more closely oversee management of the endowment and to improve upon past performance. When Larry Kochard joined Georgetown, the endowment had a value of $680 million, with minor alternative assets exposure. After setting new investment guidelines with the Subcommittee on Investments, the Investment Office has worked to meet revised asset allocation targets that include alternative assets and a stronger weighting to non-U.S. equity. During Larry's brief tenure, the endowment has risen in NACUBO ranking from number 77 to 71 and grew to over $1 billion for the first time in fiscal year 2007.