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

2008-06-30 Emily Prentice Massachusetts Institute of Technology \Massachusetts Institute of Technology\US economy\university endowments http://tech.mit.edu/V128/N45/endowment.html MIT Endowment Has 3.2 Percent Yield, Even As U.S. Markets Slide MIT Endowment Has 3.2 Percent Yield, Even As U.S. Markets Slide "Despite the faltering economy, MITâ€™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.''

&ldquo;Despite the faltering economy, MITâ€™s endowment increased by $88 million, or 3.2 percent, according to figures for fiscal year 2008...&rdquo;   