Tuesday, September 17, 2013

MIT Endowment Grows to $10.9 Billion

Killian Court (photo: hsa.mit.edu)
MIT recently released its annual Report of the Treasurer for fiscal year 2013 (ending June 30, 2013), highlighting a growth of 7% in its endowment over last year to $10.9 billion. The endowment generated returns of 11.1% during the year, funds which are used to "support current and future generations of MIT scholars with the resources they need."

The average financial aid award for students in 2012-2013 was $40,952.

MIT's endowment has steadily grown since 2009 (photo: MIT's Report of the Treasurer)

Read more about MIT's endowment and fiscal performance here: http://web.mit.edu/newsoffice/2013/institute-endowment-figures-0913.html