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Endowment

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Endowment Value, Return, Payout and Percent of Revenue
FY2016-FY2025
Fiscal Year Endowment Value (in $Billions) Return on Investments Payout Rate Endowment as Percent of Revenue
2025 $56.9 11.9% 5.0% 40.0%
2024 $53.2 9.6% 5.0% 37.0%
2023 $50.7 2.9% 4.7% 37.0%
2022 $50.9 −1.8% 4.2% 36.0%
2021 $53.2 33.6% 5.2% 39.0%
2020 $41.9 7.3% 5.2% 37.0%
2019 $40.9 6.5% 5.1% 34.6%
2018 $39.2 10.0% 5.2% 34.9%
2017 $37.1 8.1% 5.3% 35.8%
2016 $35.7 −2.0% 5.1% 35.4%
Source: Harvard University Finanical Reports. As of June 30 of each fiscal year.

Last updated 12/2/25 | Download PDF of this Table