September 19, 2013
Bowdoin College endowment tops $1 billion
The endowment fund at Bowdoin College in Brunswick has topped $1 billion for the first time.
College President Barry Mills announced the fund total in the Bowdoin Daily Sun, where he wrote that the college generated an investment return of 16% on its endowment for the fiscal year ending June 30, 2013. That return beat out the mean return for college and university endowments of 11.6%, according to college and university investment tracker Cambridge Associates.
Bowdoin’s endowment has grown from under $200 million in 1990 to its current level through lulls from 2000 to 2004 and 2007 to 2010. The private college has the largest investment fund in the state, of which 45% is restricted to student financial aid.
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