Massachusetts Institute of Technology’s endowment posted a 19.2% return and was valued at $12.42 billion for the fiscal year ended June 30, according to a news release from MIT Investment Management Co., which manages and oversees the endowment for the school in Cambridge, Mass.
MIT’s report by the treasurer showed the endowment’s year-end net assets rose 14.4% from a year earlier.
The school’s defined benefit plan, meanwhile, had $3.14 billion in assets at the end of the fiscal year, up 13.7% from the end of fiscal year 2013.
MIT also offers a 401(k) plan to its employees, which had a market value of $3.81 billion at fiscal year-end 2014. The treasurer’s report did not disclose the value from the year before.