Washington University Reaps ‘Game-Changing’ 65% Endowment Gain

Washington University in St. Louis reported a 65% return for its endowment in fiscal 2021, driven by strong gains in global equities and private investments.

That added $5.7 billion to the fund, which was valued at a record $15.3 billion for the year ended June 30, the school said in an emailed statement Monday.

“This is a game-changing moment for us as an institution,” Chancellor Andrew Martin said. The gains will bolster academic initiatives and student financial support, he said.

U.S. college endowments are expected to post outsize returns for the period after domestic stocks reached record highs and private ...