Massachusetts Institute of Technology's endowment posted a 55.5% return net of fees 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.
A report from MIT's treasurer showed the endowment was valued at $27.4 billion as of June 30, up 48.9% from a year earlier.
Longer term, for the three, five, 10 and 20 years ended June 30, the endowment returned a net annualized 22.4%, 18.9%, 14.5% and 11.1%, respectively, confirmed university spokeswoman Sarah McDonnell in an email.
The endowment returned 8.3% the fiscal year ended June 30, 2020.
Separately, MIT reported its defined benefit plan had assets of $6.38 billion as of June 30, up 50% from the end of fiscal year 2020. The school did not provide a return figure.
MIT also offers a 401(k) plan to its employees, which had a market value of $6.8 billion as of June 30, up 33% from the previous fiscal year.
Sarah McDonnell, MIT spokeswoman, could not be immediately reached for additional information.