Asset Allocation
Comparing Ivy League Endowment Returns
Investment performance for the institutions was the best of the last four fiscal years.
Reported by Jonathan Yardley
All eight Ivy League institutions have released their endowment investment returns for fiscal 2025, which ended June 30.
Columbia University finished with the highest return for the third consecutive year, all on the heels of a negative 7.6% return in fiscal 2022, which ranked last that year. The University of Pennsylvania, which had been among the three worst-performing returns for each of the last two years, finished a close third in fiscal 2025.
Endowment Return, by Fiscal Year
| Institution (AUM) | 2025 | 2024 | 2023 | 2022 |
| Columbia ($15.9 B) | 12.4% (1) | 11.5% (1) | 4.7% (1) | -7.6% (8) |
| Cornell ($11.8 B) | 12.3% (2) | 8.7% (4) | 3.6% (2) | -1.3% (3) |
| Penn ($24.8 B) | 12.2% (3) | 7.1% (6) | 1.3% (8) | 0% (2) |
| Brown ($8 B) | 11.9% (4) | 11.3% (2) | 2.7% (4) | -4.6% (7) |
| Harvard ($56.9 B) | 11.9% (4) | 9.6% (3) | 2.9% (3) | -1.8% (5) |
| Yale ($44.1 B) | 11.1% (6) | 5.6% (7) | 1.8% (5) | 0.8% (1) |
| Princeton ($36.4 B) | 11.0% (7) | 3.9% (8) | 1.7% (6) | -1.5% (4) |
| Dartmouth ($9 B) | 10.8% (8) | 8.4% (5) | 1.6% (7) | -3.1% (6) |