Penn Endowment Grows to $6.6 billion, a 20% Return

Great news!

The University of Pennsylvania's endowment returned 20.2 percent for the fiscal year that ended June 30, bringing its total market value to $6.6 billion. The endowment has grown more than 65% during the past three years thanks to strong investment returns, new gifts and the reinvestment of reserves.

It's about time Penn had a good investment return, unlike previous years when Penn had dismal performance relative to our Ivy peers. Last week, the Daily Pennsylvanian had a softball Q&A with Penn's Chief Investments Officer Kristin Gilbertson which didn't mention any of the recurring divestment issues and how Penn can use its huge endowment to affect change through socially-responsible investment principles.

~BT