A number of schools from Ivy League colleges to Duke University announced record values in reporting performance for the year ended in June. Assets under management take into account investment gains, donations and spending on programs including scholarships. Yale reached $29.4 billion; Duke’s fund was valued at $8.5 billion and Dartmouth College was $5.5 billion.
“The endowment is fundamentally critical to meeting the full demonstrated financial need of all students, and it funds vital educational and research programs that drive innovation and economic growth,” said Brian Clark, a spokesman for Brown, which reached a record $3.8 billion.
This article was provided by Bloomberg News.