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Columbia University Endowment Has 2.3% Investment Return

Columbia University reported a 2.3 percent return on its endowment investments in fiscal 2012, topping results at Harvard University and Stanford University.

Columbia’s endowment value as of June 30 was $7.65 billion, the university said today in an e-mailed statement. That’s down from $7.8 billion a year earlier because withdrawals to fund operations were made at a rate that exceeded the investment return, Brian Connolly, a Columbia spokesman, said in an e-mail.