Emory University’s endowment has reached more than $6.7 billion, a record for the institution.
The private research university has the largest endowment of any school in the state, according to the National Association of College and University Business Officers and the Commonfund Institute. Emory’s endowment earned a 3.6 percent return on investment over 12 months, which was lower than the 19.1 percent return the previous 12 months.
Endowments are designed to support an aspect of a university’s operations — such as research, scholarship or faculty salaries — built up over several years and invested.
Emory’s endowment was strengthened by $72 million in philanthropic gifts, which helped offset $258 million spent to support the university’s academic programs and research support. .
Check out the Georgia colleges and universities with the 10 largest endowments.
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