Bowdoin College returns 10.9% for fiscal year

Bowdoin College's $1.7 billion endowment returned a net 10.9% for the fiscal year ended June 30, spokesman Doug Cook confirmed in an email.

The return exceeded the median return for college and university endowments of 4.9% as measured by Cambridge Associates, a news release from the university said Monday.

For the three, five and 10 years ended June 30, the Brunswick, Maine-based college's endowment returned an annualized net 13%, 10.2% and 12%, respectively.

The endowment returned a net 15.7% for the fiscal year ended June 30, 2018.

Mr. Cook said the college does not provide benchmark information, asset class returns or asset allocation information.

"The Bowdoin endowment is built on the generosity of generations of Bowdoin alumni, families and friends, and we take very seriously our responsibility to manage and build these resources," said Clayton Rose, college president, in the news release.