Florida Gulf Coast University’s (FGCU) portfolio, which mainly consists of its endowment, has reached $57.1 million in assets, The News-Press reports. The rise in assets is due to new donations.
The endowment funds scholarships, professorships and special programs at the university. FGCU’s portfolio returned about 18.3% in 2010-11, while in 2009 it returned 10.6%.
Click here for the story from The News-Press.
