<!-- Swiftype Variables -->

Endowments and Foundations

MIT endowment returns 13.5% for fiscal year

Massachusetts Institute of Technology's endowment posted a 13.5% 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 $16.4 billion as of June 30, up 10.8% from a year earlier.

The endowment returned 14.3% the previous fiscal year. MIT’s five-, 10- and 20-year annualized returns as of June 30 were 12.02%, 8.59% and 10.88%, respectively, a spokeswoman for the school said. Long-term benchmarks were not provided.

Separately, MIT reported its defined benefit plan had assets of $3.9 billion at the end of the fiscal year, up 8.3% from the end of fiscal year 2017. It did not provided a return figure.

MIT also offers a 401(k) plan to its employees, which had a market value of $4.8 billion as of fiscal year-end 2018, up 9.1% from the year before.