Penn Endowment Posts 41% Return, Buoyed by Stock Market Gains
- Vanderbilt University reported a 57.1% return for endowment
- Colleges are posting some of the strongest returns in years
A statue of Benjamin Franklin on the University of Pennsylvania campus in Philadelphia.
Photographer: Mike Mergen/BloombergThis article is for subscribers only.
The University of Pennsylvania reported a 41.1% return for its endowment in fiscal 2021.
The fund’s value rose $5.6 billion for the year ended June 30, bringing the total to $20.5 billion, the school said in a emailed statement Thursday. Peter Ammon leads the endowment.