Harvard, the world’s wealthiest university, boasted the highest overall endowment figure at $27.4 billion, marking an 11 percent increase over its endowment holdings in 2009.
Several other schools have outpaced Harvard based on rates of return, led by Columbia, which reported a 17 percent increase in its investments to a total of $6.5 billion. For the past five years, Columbia’s endowment had only been growing at an average rate of 7.9 percent.
Yale posted the lowest rate of return for its endowment, which rose 8.9 percent to a total of $16.7 billion. This rate remained consistent with the average annual return of 8.9 percent over the last 10 years, during which Yale’s investments have grown $6.6 billion.
The Stanford endowment posted 14.4 percent growth for the year and was valued at $15.9 billion.
Both Dartmouth and Brown reported endowment increases of 10 percent, bringing Dartmouth’s total investments to just under $3 billion and Brown’s endowment to $2.18 billion. Brown’s rate of return was more than twice its average annual return of 4.6 percent over the last five years.
Penn’s endowment surged 12.6 percent over the previous fiscal year to $5.7 billion. Cornell’s investments also grew 12.6 percent, but the school still trails its rivals with a total endowment value of $4.4 billion.
Massachusetts Institute of Technology’s endowment achieved a 10.2 percent growth in investments, which totaled $8.3 billion as of June.
During the 2009 fiscal year, Princeton — which will likely release its figures toward the end of this month — faced a 22.7 percent loss to its endowment value.
But Princeton fared better than some of its peers: Among schools with the largest endowments, Harvard faced the greatest losses as a result of the 2008 economic downturn, reporting a 27.3 percent loss for the 2009 fiscal year. Both Cornell and Stanford posted 26 percent drops.
Last February, Provost Christopher Eisgruber ’83 announced at a town hall meeting that the University endowment was projected to increase by 10 percent during the 2010 fiscal year. Eisgruber also said that any investment gains would be used to grow the endowment and that the University would not scale back the 7.5 percent budget cuts it had instituted for this year and next year.
The University traditionally reports its numbers later than many of its peers. Last year endowment figures were released Sept. 29, and two years ago they were released Oct. 20.
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