MIT closes out rival institutions with 13.2% endowment returns as institutions begin disclosing results.
Massachusetts Institute of Technology (MIT) has reported a 13.2% return on its endowment over the past fiscal year.
The result eclipses other universities which have reported results thus far, such as Yale’s 11.5% return, Dartmouth’s 8.3%, and Harvard’s 5.8%. The average return for institutions and foundations with an endowment of over $500m is 3.6%, according to Wilshire Trust University Comparison Service.
MIT was the sixth richest university in the US in endowment terms at the start of the 2014/15 period, and the increase brings its total assets to $13.5bn.
