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MIT endowment rises to $8.3B
The Massachusetts Institute of Technology's endowment rose from $7.9 billion to $8.3 billion during the fiscal year that ended June 30, the university's investment management division said today.
Over the course of the year, the endowment received $104 million in gifts and transfers, while spending totaled about $460 million. The fund's investment gains totaled $800 million, a 10.2 percent increase, the Massachusetts Institute of Technology Investment Management Co. said.
The company said its investment policy was "focused on the primary goal of generating high real rates of return without exceptional volatility." The endowment has earned an annualized return of 7.2 percent for the past five years.
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