The Daily Progress reports that UVA’s endowment has increased by nearly $1 billion
during the past fiscal year, jumping from $8.6 billion in 2017 to $9.5 billion this year.
About one-third of U.S. universities have endowments, which allow them to invest money
and get bigger returns that can eventually be turned into scholarships, endowed professorships
or capital — UVA’s endowment places it in the top five of public universities.