Boston College’s endowment has reached $2.4 billion, the University has announced. The endowment grew by $205 million, led by double-digit investment gains and targeted contributions from fundraising, according to the University’s 2017 Annual Report.

The University’s investment return of 14.9 percent for the year ending June 30 ranked among the highest in American higher education.

The Annual Report stated that the endowment portfolio remains well diversified, with 51 percent in domestic and international equities, 8 percent in fixed-income securities, and 41 percent in alternative strategies, including absolute return funds, private equity funds, and real asset funds.

Overall, BC’s net assets in fiscal year 2017 grew by $279 million to nearly $3.3 billion, a 9 percent increase over the previous year.    

–Jack Dunn | University Communications