Yale University says its endowment rose to $16.7 billion in the last year after an 8.9 percent investment return, The Associated Press reports.
The New Haven university said it made investment gains of $1.4 billion in the fiscal year ending in June and received gifts of $136 million. The school said it made $1.1 billion in operating budget distributions and took a negative adjustment of $70 million.
Yale’s endowment was 16.3 billion in June 2009, after dropping some $6.9 billion following the 2008 financial collapse.
The university is still rebounding from those losses, which forced it to eliminate 920 jobs during the last two years.
