The University of Notre Dame's chief investment officer reports the school's endowment increased 12 percent for the year ending June 30 to $8.3 billion. University vice president Scott Malpass says the endowment pool has grown from $2.9 billion 10 years ago.
He says during that time the endowment has had an annualized return of 11 percent. Malpass says he was delighted to see the impact of the returns in the achievement of the school's students and faculty, and especially on the growth of financial aid for its students.
He says the university benefited from spending distributions of $286 million during the past fiscal year.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)