Independent student newspaper of Washington and Lee University

The Ring-tum Phi
Independent student newspaper of Washington and Lee University

The Ring-tum Phi
Independent student newspaper of Washington and Lee University

The Ring-tum Phi
The endowment's returns aren't keeping pace with the S&P 500. Graph by Josh Darrow, '26. Endowment return data from university financial statements. S&P 500 data from multpl.com

W&L tuition is growing while endowment returns are falling short

The university’s endowment has had less than expected returns for three years, while tuition jumped by nearly 10% in the same span
Josh Darrow
May 19, 2025
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