Harvard Endowment Grows to $53.2 Billion on Strong Returns During Turbulent Year
The strong returns came despite a drop in endowment gifts to $368 million compared with $561 million in the previous year. But Harvard said current use gifts rose by 9% to $528 million. A number of prominent donors, including hedge fund manager Kenneth Griffin, halted their giving amid the crisis.
Harvard Endowment Jumps to $53.2 Billion, Delivers 9.6% Returns in 2024
The value of Harvard’s endowment grew to $53.2 billion after the Harvard Management Company boasted a 9.6 percent return on its investments in fiscal year 2024 — the first year the endowment has increased in value since 2021.
Harvard and its endowment saw donations decline by about $150 million over the past year after a controversy over the ...
In comparison, the S&P 500 returned 24.56% in that period, while a 70/30 mix of the S&P 500 and U.S. taxable bonds was up 18% ...
Total philanthropic contributions fell by 14 percent in fiscal year 2024 as several billionaire donors publicly severed ties ...
Harvard University warned that donations to its endowment have nosedived as outraged alumni cut ties with the school over its ...
Spread the loveHarvard University, known for its substantial endowment, is facing a significant drop in donations, with a ...
Donations to Harvard University fell nearly 15% in a year when some high-profile donors said they would stop giving money to ...
The unviersity's endowment returned 9.6 percent in fiscal '24, thanks in part to top manager picks for its equity and hedge ...
Donors and alumni cut gifts to west’s wealthiest university by 14% to below $1bn with endowment fund taking brunt of hit ...
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