MIT endowment posts 8.8% return for fiscal year

Massachusetts Institute of Technology’s endowment posted an 8.8% 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 $17.4 billion as of June 30, up 6.4% from a year earlier. Net returns for the three, five, 10 and 20 years ended June 30 were 12.2%, 10%, 11.6% and 10.4%, respectively, MIT spokeswoman Sarah McDonnell confirmed.

The endowment returned 13.5% the previous fiscal year.

Separately, MIT reported its defined benefit plan had assets of $4.1 billion at the end of the fiscal year, up 4% from the end of fiscal year 2018. 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 6.2% from the year before.

MIT spokeswoman Kimberly Allen could not be immediately reached for additional information.