Brown endowment balloons to record-breaking $3.8B

BROWN UNIVERSITY'S ENDOWMENT grew to $3.8 billion in the fiscal year 2017-2018 thanks to a 13.2 investment return. A total $163 million was spent during that period on the operating budget, financial aid, and teaching and research costs. / COURTESY BROWN UNIVERSITY
BROWN UNIVERSITY'S ENDOWMENT grew to $3.8 billion in the fiscal year 2017-2018 thanks to a 13.2 investment return. A total $163 million was spent during that period on the operating budget, financial aid, and teaching and research costs. / COURTESY BROWN UNIVERSITY
PROVIDENCE - For the fiscal year ending on June 30, 2018, Brown University's endowment produced a 13.2 percent return bumping the total value to $3.8 billion - an all time high, according the school Tuesday. Paired with the record-breaking value, the 13.2 percent return surpassed its benchmark portfolio of 9.2 percent as well as Cambridge Associates'…

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