<p>And now for some good news - UVa's endowment is back up to $5.24 billion. The endowments of all colleges took a hard hit during the recession, but UVa is back to pre-recession values.</p>
<p>UVa</a> endowment bounces back from steep losses | Daily Progress</p>
<p>As the state has reduced funding, the earnings from the endowment have been critical to maintain quality.</p>
<p>The President of the U. however noted that much of the endowment is restricted to certain purposes by the donors. Therefore, some areas are still underfunded.</p>