Bowdoin endowment crosses $1 billion

torasee
Wed, 18 Sep 2013 19:27:54 +0000

[Bowdoin’s investment managers did an outstanding job for the most recent fiscal year, producing a 16% rate of return and topping $1 billion in endowment.](http://www.bowdoindailysun.com/2013/09/bowdoin-endowment-surpasses-1-billion-on-investment-return-of-16-0-mills-links-growth-to-affordability/) The endowment now sits at $1.038 billion, wit a substantial chunk of proceeds (45%) set aside each year for financial aid.