News Summary

• Investments at small colleges and major public universities also performed well, with several experiencing double-digit returns.
• Stanford University reported a 14.3% investment return in its Merged Pool for the year, bringing its five-year annualized return to 11.7%.
• The University of Pennsylvania’s endowment returned 12.2% for FY 2025, increasing the assets managed by the endowment to $24.8 billion, a year-over-year gain of $2.5 billion.