Hopkins 18th Among Universities with Fast Growing Endowments

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Courtesy of Citybizlist – Johns Hopkins University ranked 18 among the top 25 colleges with the fastest-growing university endowments, according to a Forbes report.

With a 17.1 percent increase over the past fiscal year, Johns Hopkins beat the likes of MIT, Yale, and Harvard.

Johns Hopkins boasted a $2.6 billion endowment for 2011 compared to $2.2 billion in 2010.

The University of Virginia was tops (28.4 percent, $4.8 billionin 2011, $3.7 billion in 2010), followed by University of Pittsburgh with 24.3 percent, and Purdue University at 22.6 percent.

Forbes said that higher ROI and larger contributions from alumni, along with a recovering economy, were the driving factors.

To compile its list, Forbes analyzed the 32 universities in the U.S. and Canada with endowments over $2 billion based on a report by the National Association of College and University Business Officers. It then ranked them by change in value from fiscal year 2010 to fiscal year 2011.

Read more at Citybizlist

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