Penn State Endowment Joins Large U.S. Colleges in Posting Losses
- The $3.6 billion fund had an investment decline of 0.8%
- School is among at least 11 public funds to report losses
This article is for subscribers only.
More of the largest public U.S. university endowments reported investment losses for fiscal 2016, which is shaping up as the worst year for school funds since 2009.
Pennsylvania State University’s endowment lost 0.8 percent in the year through June 30, according to a report Friday by the State College-based school. It’s the smallest decline so far of at least 11 public school funds with more than $1 billion. The University of Oklahoma’s fund was down 2.3 percent, the University of Kansas dropped 1.2 percent and the University of Florida declined 3.2 percent, according to the schools’ websites.