The Yale University endowment is the world's third-largest university endowment and has a reputation as one of the best-performing investment portfolios in American higher education.[1][2] The endowment was established at Yale University, then Yale College, in 1718 from an initial fund of £562 provided by Elihu Yale and has grown to more than $40 billion in value over the ensuing 300 years.[3] It is managed by the Yale Investments Office.
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