Finance
Penn's endowment delivered a 'phenomenal return' of 12.9 percent in fiscal year 2018
Penn Vice President for Finance and Treasurer MaryFrances McCourt announced at the Board of Trustees meeting last night Penn's undergraduate endowment topped $1 billion this year.Penn endowment continues to grow
According to a report released by Forbes last week, the University’s endowment growth ranks 22nd among the 32 universities with endowments valued at more than $2 billion.Penn's endowment recovers from recession
After its investments fell 15.7 percent in Fiscal Year 2009, the University’s endowment has come back strong over the past two years.Penn posts $1 billion endowment return
The University announced at a Board of Trustees meeting Thursday that its endowment return — which indicates how well the sum of its investments performed — for Fiscal Year 2011 was 18.6 percent.Penn Med to be renamed after record $225M gift
The gift from Raymond and Ruth Perelman is the largest in University history.
ARCH gets $15M for major overhaul
The University has secured an anonymous $15 million donation to fund a major renovation to the ARCH building.Penn defends rising tuition
A recent study suggests that students' tuition costs cover more than just their education, but Penn says students' tuition is solely allocated to academics.
Alum donates manuscripts worth $20M to Penn
Penn alumnus Lawrence Schoenberg recently donated $20 million worth of medieval and renaissance manuscripts to the rare books collection at Van Pelt Library.Student rails against conflict minerals
College junior Benjamin Brockman is urging Penn to review its policy on tech purchases in light of the fact that various armed groups get funds through the sale of minerals used in electronic devices.Penn clarifies investment ethic
While the University declared Friday it has no plans to make future investments in HEI — accused of unjust labor practices — Penn has not invested in the company since 2004.Maury Povich donates $1M to Writers House
Television talk show host and 1962 College graduate Maury Povich is making a $1 million gift to the Kelly Writers House to establish the Povich Fund for Journalism Programs.Penn halts future investment in hotel group
Penn declared Friday that it has no plans to make further investments in funds sponsored by HEI Hotels and Resorts, a company accused of unjust labor practices.