MIT releases endowment figures


The Massachusetts Institute of Technology Investment Management Company (MITIMCo) has announced that the Institute's endowment generated a return of 22.1 percent for the fiscal year ending June 30, 2007.

 As a result of strong investment performance and gifts, the endowment's assets totaled $9.98 billion as of June 30, 2007, an increase of $1.6 billion from the previous year, net of spending. For the past 10 years the Institute's endowment has had an annualized return of 15.3 percent.

 Investment gains were broadly spread across MITIMCo's diversified portfolio, with real estate, private equity and domestic and international equities performing particularly well.

 MITIMCo is a division of the Massachusetts Institute of Technology, created to manage and oversee the investment of the Institute's endowment, retirement plans and operating funds. As of June 30, 2007, MITIMCo had $14.0 billion of total assets under management. 

A version of this article appeared in MIT Tech Talk on September 12, 2007 (download PDF).


Topics: Administration

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