Strong Long-Term Performanc
Meeting Harvard's current and future needs


Over the long term, HMC has produced excellent investment returns for the Harvard portfolio. The average annual return on the endowment over the last 20 years has been 12.9% per year. In fiscal 2011, distributions from the endowment contributed
almost a third of the University's operating budget. The following charts show historical investment returns and annual contributions to the University.

