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Eye On Boise

Tue., April 19, 2011, 9:06 a.m.

State endowment fund made 23.1% so far this year, making up past years’ losses

It's been a good year so far for Idaho's permanent endowment fund, with earnings on investments through March 31 at 23.1 percent, Larry Johnson, manager of investments, reported to the state Land Board this morning. That's since the start of the fiscal year on July 1. The past month saw a 0.4 percent increase, though Johnson noted there's been a small loss since then. The permanent endowment fund now stands at $1.26 billion, which is up 5.6 percent from five years ago, showing that this year's gains have made up past years' losses.

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Betsy Z. Russell
Betsy Z. Russell joined The Spokesman-Review in 1991. She currently is a reporter in the Boise Bureau covering Idaho state government and politics, and other news from Idaho's state capital.

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