Yale’s endowment grew 12.3 pct: New York Times

Yale University’s endowment increased 12.3 percent in its most recent fiscal year to $29.4 billion, slightly better than the 11.3 percent it hit in the prior year, the New York Times reported. Yale’s performance trailed results from rivals such as the Massachusetts Institute of Technology, whose endowment gained 13.5 percent, and the University of Pennsylvania, which experienced a 12.9 percent increase, the story said.