- Associated Press - Thursday, October 2, 2014

PROVIDENCE, R.I. (AP) - Brown University’s endowment earned a 16.1 percent return for the 2014 fiscal year, and the worth of its long-term investment pool climbed to a record high of $3.2 billion.

The university says 2014 is the first year that it has fully recovered from losses suffered during the 2008 recession.

Income from the endowment contributed between 16 and 17 percent to the operating budget for the 2014 fiscal year. The endowment also pays 31 percent of the school’s financial aid budget.

It earned a 12.6 percent return in fiscal year 2013.

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