Harvard’s endowment swells to $74b; gifts hit a record $777m

The value of Harvard University’s endowment - the world’s largest among universities — grew by nearly US$4 billion to US$56.9 billion (S$74 billion) in fiscal year 2025 on the back of strong investment returns, even as the Trump administration cut the school’s research funding.

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Harvard Management Co (HMC), the university’s investment arm, said on Oct 16 that it earned an 11.9 per cent return in the fiscal year that ended June 30. The return beat the school’s long-term target of 8 per cent, according to its annual report. In fiscal year 2024, Harvard’s endowment earned a 9.6 per cent return to total US$53.2 billion.

The school said it also received a record US$600 million (S$777 million) in unrestricted gifts from alumni and friends as its battles with the Trump administration made news headlines.