September 7, 2007

Harvard's Endowment Grows to $34.9-Billion

By ERIN STROUT

The 2007 fiscal year was one of the best ever for Harvard University's endowment, which grew in overall value to $34.9-billion from $29.2-billion the previous year.

Harvard Management Company, which invests and manages the institution's endowment — the largest educational fund in the world — posted a 23-percent return on its investments during the fiscal year that ended June 30. In the 2006 fiscal year, the endowment earned a 16.7-percent return.

Mohamed A.

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