College endowment valued at $4.5 billion
Dartmouth's endowment saw a 19.2-percent investment return for the 2014 fiscal year, the highest since the economic recession.This exceeded the portfolio’s benchmark of 15.3 percent, and the growth reflects an increase of $735 million in the last year, according to a College press release.
The investment return marks the second consecutive year of double-digit growth, following 12.1 percent in 2013. The return in 2012 was 5.8 percent, and in 2011, the endowment yielded an 18.4-percent return.
The endowment, which was valued at $4.5 billion as of June 30, supports more than 20 percent of the annual operating budget, according to the press release.
In fiscal year 2013, the College posted the 22nd largest endowment of nationwide colleges and universities and the second-smallest endowment in the Ivy League. That year, the endowment stood at $3.7 billion.
Harvard University is expecting to post a 15-percent return on its endowment, according to the New York Times. On Friday, the Massachusetts Institute of Technology reported a 19.2-percent return.
This article will be updated as more information becomes available.