According to a new analysis from American City Business Journals, Swarthmore College is one of several wealthy academic institutions nationwide that have seen their endowments drop in value recently, write Craig Douglas and Michelle Caffrey for the Philadelphia Business Journal.

The private liberal arts college saw its endowment returns drop by five percent in fiscal year 2016. Swarthmore is one of 25 private, non-profit colleges and universities with endowments of more than $1 billion, which was included in the ACBJ analysis.

All but one out of the 25 analyzed schools saw a decline in value compared to the prior year. When combined, their endowments fell $5.3 billion, or four percent in total. The only school that did not see a decline is Boston University.

Swarthmore’s endowments, which are the 16th largest of the schools included in the analysis, fell by $99 million from $1.846 billion in fiscal 2015 to $1.747 billion for this year.

For the same time period, Swarthmore’s tuition revenue went up from just over $89 million to $94.3 million. Net tuition saw a smaller increase, rising to $59.8 million from $59.1 million in fiscal 2015.

Read more about Swarthmore’s endowment drop in the Philadelphia Business Journal by clicking here.