BOSTON – Brown University posted a 16.1 percent gain on its endowment investments in the year that ended June 30.
The endowment’s value rose to $3.2 billion, a record high, from $2.86 billion a year earlier, the Providence-based university said Wednesday in a statement. The annual return averaged over the past five years was 11.5 percent, the school said.
While Brown topped Harvard University, which posted a one-year gain of 15.4 percent, it trailed the three other Ivy League schools that have released results. Yale University said last week it had a 20.2 percent return in the period, while Dartmouth College posted a 19.2 percent gain and the University of Pennsylvania reported an increase of 17.5 percent.
Princeton University, Columbia University and Cornell University have yet to post results.
