Harvard Endowment Hits Record $68 Billion, Posts 27% Annual Return

Harvard University's endowment has climbed to a record $68 billion, driven by successful bets on stocks and venture capital, including its holdings in SpaceX, helping the wealthiest university in the United States weather unprecedented pressure from President Donald Trump. In its financial report for the fiscal year ending in June, Harvard said on Thursday that the fund returned 27%, and that its donations rose to $1.5 billion. Fueled by broad stock market gains and returns from its hedge fund portfolio, the endowment grew by a total of $11 billion over the period. (Sina Finance)