Penn's Endowment Returns 6.5% in a Slowdown From Last Year
- Dartmouth and MIT also posted smaller gains this year
- More schools will report returns over the next month
Students walk through the University of Pennsylvania campus.
Photographer: Ann Hermes/The Christian Science Monitor via Getty Images
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The University of Pennsylvania endowment gained 6.5% in fiscal 2019, half of the Ivy League school’s performance last year.
The results come after Dartmouth and Massachusetts Institute of Technology also recently reported lower returns compared with the prior year. Penn’s endowment managed $14.7 billion as of June 30, the school said Thursday in a statement.