University | 11:05 pm | September 16, 2011 | By Alison Griswold

Penn reports endowment gain

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Photo by Alison Griswold.

The University of Pennsylvania reported gains of 19 percent in the fiscal year that ended June 30, Bloomberg reported.

Increasing stock markets boosted the University of Pennsylvania’s endowment performance in the past fiscal year, according to Bloomberg. The 19 percent return exceeded the school’s figure from the year that ended June 30, 2010, when the endowment gained 13 percent. The national average for endowment returns among colleges and universities that year was 11.9 percent.

Yale has not yet publicized what its endowment gained in fiscal year 2011. The University’s endowment posted the worst return in the Ivy League and lagged the national average at 8.9 percent in fiscal year 2010.

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