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Endowments and Foundations

MIT endowment returns 14.3% for fiscal year

Massachusetts Institute of Technology

Massachusetts Institute of Technology's endowment posted a 14.3% return for the fiscal year ended June 30, said a news release from MIT Investment Management Co., which manages and oversees the endowment for the school in Cambridge, Mass.

A report from MIT's treasurer showed that the endowment was valued at $14.8 billion as of that date, up 12.1% from a year earlier.

The endowment returned 0.8% the previous fiscal year. Long-term returns and benchmarks were not provided.

Separately, MIT reported its defined benefit plan had assets of $3.6 billion at the end of the fiscal year, up 9.1% from the end of fiscal year 2016.

MIT also offers a 401(k) plan to its employees, which had a market value of $4.4 billion as of fiscal year-end 2017, up 12.8% from the year before.

Spokeswoman Kimberly Allen referred questions to the news release and treasurer’s report.