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Harvard endowment grows to $36.4 billion

Harvard’s endowment grew to $36.4 billion in the 2014 fiscal year with a return of 15.4 percent, the Harvard Crimson reported. This endowment is just below the institution’s peak in endowment in June 2008 before it lost nearly $11 billion in the global financial crisis.

Harvard’s return for the 2014 fiscal year is higher than the return of 11.3 percent it got during the 2013 fiscal year.

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The 2014 fiscal year marked the fifth consecutive year in which Harvard exceeded the benchmark it created for itself. However, it only exceeded the benchmark by 0.8 percent, the lowest margin by which a benchmark has been exceeded.

Even with these remarkable gains Harvard continues to trail behind some of its peer institutions in growth. While most of Harvard’s peer institutions have yet to release their returns for 2014, three peer institutions have exceeded Harvard by more than 2 percentage points. MIT and Dartmouth both grew by 19.2 percent and the University of Pennsylvania by 17.5 percent.

Princeton has yet to announce its returns for the year.

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