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Elite Universities Are Amassing Wealth With Astonishing Speed

  • Soaring endowments help schools boost student aid, add staff
  • Newfound wealth raises questions on spending priorities
Entrance to the Harvard campus.
Entrance to the Harvard campus.Photographer: Adam Glanzman/Bloomberg
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Yale: $42 billion. Princeton: $38 billion. Columbia: $14 billion.

All told, it’s as if the Ivy League added another Harvard to its combined fortune in the space of a single year. The investment gain in the last fiscal year for the eight members: about $50 billion, for a total of more than $190 billion in assets.