Harvard endowment swells to nearly $57 billion, donations reach a record [View all]
Source: msn/Reuters
12h
BOSTON (Reuters) -The value of Harvard University's endowment, the world's largest among universities, grew by nearly $4 billion to $56.9 billion in fiscal 2025 on the back of strong investment returns even as the Trump administration cut the school's research funding.
Harvard Management Co, the university's investment arm, said on Thursday it earned an 11.9% return in the fiscal year that ended June 30. The return beat the school's long-term target of 8%, according to its annual report. In fiscal 2024, Harvard's endowment earned a 9.6% return to total $53.2 billion.
The school said it also received a record $600 million in unrestricted gifts from alumni and friends as its battles with the Trump administration made news headlines. President Donald Trump accused Harvard of fostering antisemitism on campus amid Israel's war in Gaza, but critics said the charge was a pretext for a broader campaign against what Trump views as anti-conservative bias in academia.
The dispute, now playing out in court, also involves federal efforts to cut research funding and restrict international student enrollment at the university.
Read more: https://www.msn.com/en-us/news/other/harvard-endowment-swells-to-nearly-57-billion-donations-reach-a-record/ar-AA1OCjhY
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