Harvard's endowment sees modest returns in fiscal 2023

By Grant Welker • Published October 20, 2023 • Updated on October 20, 2023 at 10:25 am

Harvard University’s industry-leading endowment stands at more than $50 billion.

Harvard University’s endowment, the largest of any college in the U.S., stayed roughly flat at just over $50 billion, with a 2.9% rate of return for a year in which many of the country's wealthiest colleges so far have reported fairly low investment results.

The overall size endowment fell slightly — from $50.9 billion to $50.7 billion — because the university drew down $2.2 billion from the endowment than it brought in through investment gains.

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