The Durham, N.C.-based endowment is still $1.2 billion short of what it was two years ago, said Richard Brodhead, the school’s president, in an e-mail to staff Thursday, without disclosing the current value of the fund. The endowment managed $6.1 billion as of June 30, 2008, according to its website. It was valued at $4.4 billion a year ago.
Gift-giving over the past year increased 15% to $345 million from last year’s low, Mr. Brodhead wrote.
Michael Schoenfeld, a spokesman for the university, didn’t return phone and e-mail messages seeking comment.
Harvard, Cambridge, Mass., said Sept. 9 its investments rose 11% in the past year, beating its own benchmark while trailing the returns of a broad group of institutions. The university’s endowment climbed $1.4 billion to $27.4 billion as of June 30.
Institutions tracked by Wilshire Associates had a 13% median gain over the same period.