Brown University Endowment Reaches Record $7.2 Billion

Brown University announced an 11.3% return on its endowment for the fiscal year 2024, boosting its total value to a record $7.2 billion. This increase includes $728 million in investment gains and $203 million in new endowed gifts, allowing the university to contribute $281 million to its operating budget, which represents 21% of total revenue. The contribution supports financial aid, faculty salaries, and various academic programs, marking a 16.6% increase from the previous year. Over the last decade, the endowment has produced $4.9 billion in investment returns, significantly aiding the university's educational mission. Despite these gains, Brown's endowment remains one of the smallest among Ivy League institutions, with Harvard and Princeton leading significantly. However, Brown's investment returns have placed it in the top tier among its peers over five- and ten-year periods.