Harvard Gains 6.5% in Muted Year for University Endowments

Harvard Gains 6.5% in Muted Year for University Endowments

Harvard University’s endowment

posted a 6.5% return in fiscal 2019, reflecting a tough year for many U.S. colleges.

Harvard’s return

beat the average for large school endowments but, like many universities, trailed the U.S. stock market.

The muted showing of the typical endowment

is the lowest yearly return since 2016 and bodes new challenges for universities at a time of ultralow interest rates.

Universities

rely on their endowments to fund everything from student financial aid and faculty salaries to the construction of libraries and sports facilities.

WSJ

https://www.google.co.jp/amp/s/www.wsj.com/amp/articles/harvard-gains-6-5-in-muted-year-for-university-endowments-11569576601