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RECORD ENDOWMENT: Students walk across campus in front of Friedman Hall at Brown University in Providence. Brown has the largest endowment among Rhode Island colleges and universities, which grew to a record $3.8 billion, the school reported in October.
 / COURTESY BROWN UNIVERSITY

Colleges’ reliance on endowments ‘never been greater’

By the end of January, analysts will come out with their annual report on the performance of endowments of U.S. colleges and universities, including...
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 endowment balloons to record-breaking $3.8B

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...
BROWN UNVERSITY'S ENDOWMENT grew 13.4 percent during fiscal 2017 to $3.5 billion. /PHOTO COURTESY BROWN UNIVERSITY

Brown endowment hits $3.5B

PROVIDENCE - Brown University's endowment rose to $3.5 billion by the end of the 2017 fiscal year - a 13.4 percent increase year over...
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