2019 2018
Endowment, beginning of year $ 58,502 $ 53,037
Contributions 2,118 2,965
Total investment return 2,186 4,121
Appropriation of endowment assets for expenditure (2,223) (1,971)
Board-designated addition 150 350
ENDOWMENT, END OF YEAR $ 60,733 $ 58,502
Changes in Endowment, excluding pledges
(Years Ended June 30, 2019 and 2018)
(Dollars in thousands)
2019
$ 60,733
2018
$ 58,502
Annual Report 2018–19 9
