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MIT endowment reports 17.9 percent gain

The endowment for the Massachusetts Institute of Technology generated a market return of 17.9 percent during the fiscal year that ended June 30, the Massachusetts Institute of Technology Investment Management Co. said today.

The market value of the endowment at the end of the fiscal year was $9.9 billion, said the company, known as MITIMCo.

Last week, Harvard University reported that its endowment earned 21.4 percent on its investments for the year ended June 30, roughly in line with the financial performance of other large funds. Large trusts tracked by the consulting firm Wilshire Associates had a median gain of 21.5 percent earned over the same period.

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MITIMCo is a division of MIT created to manage and oversee the investment of the Institute’s endowment, retirement plans, and operating funds.

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