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News & Notes: Yale endowment grows by over $3 billion

The value of Yale’s endowment grew from $20.8 billion to $23.9 billion from June 30, 2013 to June 30, 2014, earning a 20.2 percent investment return, the Yale Daily News reported. This endowment is higher than the 15.4 percent return earned by Harvard in the same period.

The University’s endowment results have been above average for the past ten years with a 11 percent yearly return, with the domestic stock and bond returns rates both below 10 percent. Yale’s endowment value grew $20.4 billion dollars over the past 20 years to its current value of $23.9 billion.

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Yale plans to spend approximately $1.1 billion, which makes up around one-third of the institution’s net revenues, for the next fiscal year. Yale plans to allocate its assets in the next fiscal year with 31 percent to private equity, 20 percent in absolute returns, 17 percent in real estate, 13 percent in foreign equity, 8 percent in natural resources, 6 percent in domestic equity, and 5 percent in bonds and cash.

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