Students walk past the building housing the financial aid office, on the campus of the University of Notre Dame in South Bend, Indiana. (Photographer: Frank Polich/Bloomberg News)

Notre Dame's Endowment Value Hits Record $13.1 Billion

(Bloomberg) -- The University of Notre Dame’s endowment posted a 12.2 percent investment gain as the value of the private school’s fund increased to a record $13.1 billion.

The Indiana-based school didn’t disclose strategies used, asset allocation or performance by asset class in a statement posted Monday on its website.

The returns in the year ended June 30 compare with a median 7.4 percent, gross of fees, for endowments of all sizes in the period, according to data by Wilshire Trust Universe Comparison Service. Colleges usually report their numbers net of fees.

“I am delighted to see the impact of these returns and strong stewardship on the opportunities they provide for our students and faculty in almost every area of the university,” Chief Investment Officer Scott Malpass said in the statement.

Malpass, a Notre Dame alumnus, has run the endowment since 1989. The fund gained an annualized 10.3 percent for the past 20 years.

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