Yale Endowment Soars Past $25B

NEW HAVEN, Conn. (AP) – Yale University reports that its endowment grew to a record high $25.6 billion based on an 11.5 percent return for the fiscal year that ended June 30.
The new endowment numbers reported Thursday were a 7.1 percent increase from the previous fiscal year.
Harvard University’s endowment is the nation’s largest at $37.6 billion. The University of Texas is second, and Yale third.
Yale said in a release it plans to spend $1.2 billion from the endowment during