20 biggest college endowments

Source: CBS News Posted By: Melody D...4122 days ago

The investment return of college endowments barely budged during the most recent fiscal year.

The average endowment, after expenses were deducted, generated a return of -0.3 percent, according to the annual survey of the National Association of College and University Business Officers and the Commonfund Institute. The return for the fiscal year ending on June 30, 2012, was significantly lower than the previous year's return of 19.2 percent. The 10-year return for the endowments was 6.2 percent.

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