Brown University's endowment returned 12.6% for the fiscal year ended June 30, according to a news release from the Providence, R.I., school.
Assets in the university's long-term pool, which includes the endowment, increased to $2.86 billion. The return is a full percentage point higher than the 11.6% average return for college and university endowments, as reported by Cambridge Associates.
The endowment had annualized returns of 10.5% for three years, 2.7% for five years and 8.3% for 10 years, according to the news release.
Separately, the Kansas University Endowment reported a 10.9% return for its fiscal year, increasing its value to $1.29 billion. The endowment provided $119.4 million in direct financial support to the university for the fiscal year.
Spokesmen for the two endowments could not be reached by press time for additional information.
