University of Notre Dame says endowment grew by $1.5 billion in past year


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SOUTH BEND, Indiana — The University of Notre Dame says its endowment grew by $1.5 billion during the past year.

Notre Dame officials say the school's endowment reached $9.8 billion at the end of June. The university says that includes a 19.7 return on investments during the one-year period.

The endowment made some $300 million in spending distributions to the university during that time.

Officials say the South Bend school's endowment has nearly tripled since it was at $3.5 billion 10 years ago.

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