Paul Browne | April 20, 2020
University of Notre Dame President Rev. John I. Jenkins, C.S.C., today announced the retirement of Scott C. Malpass, effective June 30, after 32 years as the University’s chief investment officer. As such, Malpass was responsible for investment of the University's endowment and other assets totaling $14 billion.
“Under Scott’s leadership, the contribution of the endowment to Notre Dame’s mission is difficult to overstate,” Father Jenkins said. “For Scott and his team, it has never been about the dollars, but about providing financial aid to deserving students, the hiring of superb faculty and supporting the University’s service to the Church and the world.”
During his tenure, Notre Dame’s endowment grew to $12.5 billion as of June 30, 2019, from $425 million in 1989, with endowment spending increasing to $425.7 million from $19.5 million over the same period. The endowment supports scholarship and research, academic programs and institutes, hundreds of faculty chairs, athletics and fully one-third of all student financial aid.
“The University’s average annual endowment returns over the past 30 years have ranked among the best in higher education and beyond,” Executive Vice President Shannon Cullinan said. “However, I believe Scott’s greatest gift to Notre Dame is the outstanding investment team he has assembled to ensure future generations of students, faculty and staff will benefit from the exceptional stewardship of our endowment.”
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