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Harvard Investments Valued at $3 Billion

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Associated Press

The market value of Harvard University’s investments topped the $3 billion mark for the year that ended June 30, according to the university’s annual financial report.

Together with $165.4 million in income on the stocks, bonds and other securities, the run-up in value gave the Ivy League university a 26.6% return on its investments for the year, the recently released report said.

About 94% of the amount belongs to Harvard’s endowment, possibly the largest of any educational institution in the United States, while the other 6% includes pension funds, charitable trusts and reserves, the report said.

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“I was pleased,” Walter M. Cabot, president of the Harvard Management Co., told The Boston Globe. “It wasn’t easy to achieve those kind of returns last year.”

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