Strong Long-Term Performance
Meeting Harvard's current and future needs
Over the long term, HMC has produced excellent investment returns for the Harvard University portfolio.
The annualized return on the endowment over the last 20 years has been 12.3% per year and the endowment was valued at $36.4 billion at June 30, 2014. In fiscal year 2014,
distributions from the endowment contributed almost a third of the University's operating budget. The following charts show historical investment returns and the total
value of the endowment.