Emory University’s endowment market value ranks 16th in the nation for the 2014 fiscal year out of the 832 U.S. schools surveyed for the 2014 NACUBO-Commonfund Study of Endowments (NCSE).

The figures were released recently by NACUBO, the National Association of College and University Business Officers, which compiled the data for the annual survey.

In NCSE's 2014 survey, Emory continues to hold last year's 16th overall ranking in market value of its endowment. The endowment increased in FY2014 from $5.8 billion to $6.7 billion, a 14.9 percent change in market value.

The change in the market value of the endowment reflects the net impact of university spending withdrawals, management and investment fees, donor gifts and investment gains (rate of return).

Emory University’s endowment continues to be strong, as evidenced by outstanding investment returns and overall market value," says Mary Cahill, the university's vice president of investments and chief investment officer. “We are pleased to be ranked among the nation’s most elite universities.”

Emory's rate of return on the actively managed funds in its endowment was 19.1 percent for the one-year period ending June 30, 2014, and was one of the highest in the nation. The average rate of return for schools with endowments over $1 billion was 16.5 percent for the same period.