Michigan State University's endowment fund increased from more than $1.1 billion at the end of fiscal year 2010 to more than $1.4 billion at the end of of fiscal year 2011, a 22 percent increase good for the fifth-largest growth in the 12-member Big Ten.
The National Association of College and University Business Officers' 2011 Endowment Study recently reported those figures. The study highlights the percentage change in the market value of institutions' endowment funds.
MSU's $1.4 billion endowment fund in 2011 is the 54th largest in the nation, but is only ahead of the universities of Nebraska ($1.24 billion) and Iowa ($1 billion) in the Big Ten.
The NACUBO reports endowment funds across the United States increased by 17.8 percent on average from the end of fiscal year 2010 to the end of fiscal year 2011. The association surveyed 839 institutions for its 2011 Endowment Study.