Cambridge, Mass. (AP) – Harvard, already the nation’s richest university, has raised its endowment to more than 53 53 billion in the current fiscal year, the Ivy League School said in its annual financial report released Thursday. Reported.
Its investment grew by 33.6% over the previous fiscal year to ڈالر 11.3 billion.
NP “Nar” Narvikar, CEO of Harvard Management Company, which manages endowments, called the public and private equity markets “huge profits.”
“Public and private markets continued to perform strongly, allowing endowments to increase not only university distribution, but also growth at a critical time when financial pressures related to epidemics were at an all-time high,” Nirvikar wrote. Challenges education. ” Report it.
The university used واپ 2 billion in endowment returns during the year to fund its operating budget.
Harvard ended fiscal year June 30 with an operational surplus of 28 283 million.