- Value of university's endowment rose about 8% to $22.7 billion
- Ivy League school's return beats Yale, UPenn, Harvard
Princeton University reported an investment return of 12.7 percent for the year ended June 30, besting all of its Ivy League peers that have reported so far and becoming the fourth-largest college endowment in the U.S.
The value of the endowment rose about 8 percent to $22.7 billion, according to a statement Monday from the Princeton, New Jersey-based school. The university had an annual average return of 10.1 percent over the past decade, which is among the top percentile of almost 500 universities listed by Wilshire Trust University Comparison Service, according to the school.
Princeton is now the fourth wealthiest U.S. school, trailing Ivy League peers Harvard University and Yale University, and topping Stanford University’s $22.2 billion fund as of June 30. The fund, managed by Princeton University Investment Co., has been led by Andy Golden since 1995.
The median return for endowments and foundations over $500 million this year is 3.6 percent, according to an estimate by Wilshire Trust Universe Comparison Service.
Princeton has an endowment of more than $2 million per student, the highest of U.S. universities.