The school announced their endowment figures a couple of weeks ago.
Cornell University’s endowment earned a 5.3% return for the fiscal year ending June 30. The investments reached $7.3 billion, a new record.
The endowment’s gains in real estate and equities led the performance.
Last month the medical school announced that students in need of financial aid will get a full ride.
Weill Cornell had a scholarship endowment of $150 million before it announced a new $160 million gift on Monday. The school needs about $50 million more in the coming years to ensure that the program continues in perpetuity, Dr. Choi said, adding that he felt “very confident” it would reach that number.
The school said that the gifts came, in large part, from the Starr Foundation as well as Joan and Sanford I. Weill and the Weill Family Foundation. The Weills are the institution’s biggest benefactors.
Read more about Cornell’s endowment here.
Post by Marcelino Pantoja