Dive Brief:

• College endowments bounced back in 2013, after a down year in 2012.
• The strength of the U.S. stock markets was credited for an average value increase of 11.7% in 2013; in 2012, average values fell 0.3%.
• Harvard, Yale, the University of Texas system, Stanford, and Princeton had the most valuable endowments; Harvard's was valued at $32.33 billion.

Dive Insight:

Also of note: Colleges are tapping their endowments a bit more. Overall, two-thirds of endowments increased their spending in 2013. The funds made up an average 8.8% of colleges' operating revenue. More information is available from the National Association of College and University Business Officers.