Harvard’s endowment grows even fatter

Surprise, surprise, the largest college endowment in the world got even bigger.

Harvard University finished their fiscal year with nearly 595 (m) million dollars in donations. That's a five (m) million dollar increase over the previous fiscal year and a 55 million dollar jump over fiscal year 2004. Harvard's total endowment is nearing 27 billion dollars.

School officials say more than 89-thousand donors contributed to Harvard in 2006, up from 88-thousand last year. The fiscal 2006 results are the second-best in Harvard's history -- ranking behind fiscal 2001 when the school brought in 658 (m) million dollars.

The most recent gifts to the school include 26 (m) million dollars from the Bill and Melinda Gates Foundation to support work in global health.

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