Investing
Brown University’s Endowment Gains 11% Ahead of Israel Divestment Vote
Earlier this year, Brown President Christina Paxson promised pro-Palestinian student demonstrators a formal board vote on condition that they clear an encampment ahead of graduation.
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Brown University’s endowment returned 11.3% for the year ended in June, boosting the fund’s value to $7.2 billion.
With $728 million in investment gains, the endowment provided a record $281 million to the school’s operating budget, Brown said in a statement Friday. The contribution, accounting for 21% of total revenue, helps pay for such costs as financial aid and salary increases.