Massachusetts Institute of Technology's endowment posted a 13.2% return and was valued at $13.5 billion 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.
MIT's defined benefit plan had $3.4 billion in assets at the end of the fiscal year, up 7.7% from the previous fiscal year 2014.
MIT also offers a 401(k) plan to its employees, which had a market value of $3.9 billion as of fiscal year-end 2015, up 2% from the year before.
MIT spokeswoman Kimberly Allen could not be reached by press time.
