India, Nov. 1 -- The Massachusetts Institute of Technology Investment Management Company (MITIMCo) announced today that MIT's unitized pool of endowment and other MIT funds generated an investment return of 8.9 percent during the fiscal year ending June 30, 2024, as measured using valuations received within one month of fiscal year end. At the end of the fiscal year, MIT's endowment funds totaled $24.6 billion, excluding pledges. Over the 10 years ending June 30, 2024, MIT generated an annualized return of 10.5 percent.

MIT's endowment is intended to support current and future generations of MIT scholars with the resources needed to advance knowledge, research, and innovation. As such, endowment funds are used for Institute activities in...