Massachusetts Institute of Technology’s endowment posted an 8.3% return net of fees 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 $18.4 billion as of June 30, up 5.7% from a year earlier.
The endowment returned 8.8% the previous fiscal year.
For the three, five, 10 and 20 years ended June 30, the endowment posted annualized returns of 10.2%, 9%, 11.4% and 8.4%, respectively, confirmed Sarah McDonnell, an MIT spokeswoman.
Separately, MIT reported its defined benefit plan had assets of $4.3 billion at the end of the fiscal year, up 5% from the end of fiscal year 2019. It did not provide a return figure.
MIT also offers a 401(k) plan to its employees, which had a market value of $5.1 billion as of fiscal year-end 2019, up 4% from the year before.
