2008-06-30 MIT Endowment Has 3.2 Percent Yield, Even As U.S. Markets Slide

From Issuepedia

Specs

Date:	2008-06-30
Link:	http://tech.mit.edu/V128/N45/endowment.html
Author:	Emily Prentice (writingscat)
Source:	Massachusetts Institute of Technology (articlescat)
Topics:	Massachusetts Institute of Technology US economy university endowments
Categories:	Massachusetts Institute of Technology US economy university endowments

MIT Endowment Has 3.2 Percent Yield, Even As U.S. Markets Slide

longer text

Despite the faltering economy, MIT’s endowment increased by $88 million, or 3.2 percent, according to figures for fiscal year 2008 released by the Massachusetts Institute of Technology Investment Management Company. The endowment now stands at $10.1 billion as of June 30, 2008.

This release has been backdated to the effective date of the dollar figure, although it was actually released on 2008-10-07. It might have been misleading otherwise, as the 2008 economic crisis had not yet hit as of the $10.1b figure's date.

[edit] shorter text

“Despite the faltering economy, MIT’s endowment increased by $88 million, or 3.2 percent, according to figures for fiscal year 2008...”