University of Chicago's endowment reached a new high — $7.5 billion — as of June 30, up 11.9% from the same date a year earlier.
Asset growth was buoyed by the 12.7% return of the endowment for the fiscal year ended June 30, said Steve Kloehn, a university spokesman. The 2014 return was nearly double the 6.6% return for the year ended June 30, 2013.
Annualized returns for the endowment were 12.6% for five years, 9.6% for 10-years and 11.2% for 20 years.
Mark Schmid, vice president and chief investment officer, said in a news release that $3.6 billion was added to the endowment through investment returns since the 2008-'09 financial crisis.