The Harvard University’s endowment received a 21.4 percent return for the year tended June 30. The endowment was valued at $32 billion. Through it, Harvard undertakes activities in areas including faculty salaries, facilities maintenance and financial aid programs. The year’s distributions from the endowment contributed nearly a third of the operating budget. More than 60 percent of Harvard undergraduates are receiving need-based scholarship support in the current year, totaling more than $160 million. The endowment has received an average annual return of 12.9 percent over the past 20 years, outperforming the Policy Portfolio benchmark.
Click here for the release from Harvard University.
