evidence: Harvard University, which has the largest single-institution endowment in the nation, saw a 2.9 percent return in fiscal year 2023. Harvard’s endowment was recently valued at $50.7 billion. But even the nation’s richest university isn’t immune to inflationary pressures. [...] Yale University, which has an endowment valued at $40.7 billion, saw a 1.8 percent return for FY2023. Other institutions with multi-billion dollar endowments fared similarly; the University of Pennsylvania clocked a 1.3 percent return on its $21 billion endowment, while the University of Virginia reported a 2 percent return on its endowment of $13.6 billion. [...] A preliminary performance summary from The University of Texas/Texas A&M Investment Management Company indicated a 2.8 percent loss on its $54.5 billion in endowment funds.