U.S. college and university endowment funds’ aggregate assets grew 19.1% in the fiscal year ended June 30, 2010 to $346.5 billion, Pensions & Investments reports. Harvard University, Cambridge, is the largest U.S. endowment fund, with assets of $27.6 billion as of June 30, up 5.4% from 2009.
Yale University had assets of $16.7 billion as of June 30, up 2%, from the year earlier, while Princeton University reported assets of $14.4 billion, up 14.1%. The University of Texas System, Austin, had assets of 15.5% to $14.1 billion in the year ended June 30, while Stanford University dropped to fifth place from third last year with assets of $13.9 billion, up 9.8%.
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