New Brunswick, NJ – James M. Golubieski, president of New Jersey Health Foundation (NJHF), is proud to announce that its endowment returns, net of fees, have exceeded the average annual one (1), three (3), five (5) and 10 year returns for U.S. Higher Education Endowments and Affiliated Foundations for the year ended June 30, 2014 as reported in the recently released study issued by NACUBO (National Association of College and University Business Officers)-Commonfund Study of Endowments®.
The study collected data from 832 colleges and universities nationwide with endowments ranging from less than $25 million to more than $1 billion.
“The importance of these positive NJHF returns is that it provides much needed funding from the endowments we hold to support medical research, education and healthcare programs in New Jersey,” explained George F. Heinrich, M.D., vice chair and CEO of NJHF. “In addition, these positive returns increase the available funds for several New Jersey Health Foundation Research Grant programs that we conduct throughout the year.”
About New Jersey Health Foundation New Jersey Health Foundation (www.njhf.org) is a not-for-profit corporation that supports biomedical research and health-related education programs in New Jersey through its matching program, its Grants Program and its affiliate, Foundation Venture Capital Group (www.foundationventure.com) which makes private equity investments in life science start- up companies in New Jersey headed toward commercialization.
“The importance of these positive NJHF returns is that it provides much needed funding from the endowments we hold to support medical research, education and healthcare programs in New Jersey,” explained George F. Heinrich, M.D., vice chair and CEO of NJHF. “In addition, these positive returns increase the available funds for several New Jersey Health Foundation Research Grant programs that we conduct throughout the year.”
About New Jersey Health Foundation New Jersey Health Foundation (www.njhf.org) is a not-for-profit corporation that supports biomedical research and health-related education programs in New Jersey through its matching program, its Grants Program and its affiliate, Foundation Venture Capital Group (www.foundationventure.com) which makes private equity investments in life science start- up companies in New Jersey headed toward commercialization.
