<p>Just out of curiosity, what is Chicago's endowment?</p>
<p>Portfolio assets totaled about $4.7 Billion at March 31, 2005.</p>
<p>The last published list of school endowments showed Chicago with $3.6 billion. </p>
<p>Where did you get the current figure?</p>
<p>Thanks</p>
<p>It may not exactly represent the endowment, but I will try and find the source. It was from UC's website. The 3.6 billion is over 12 months old anyway. June 2004.</p>
<p>Here's the link:
<a href="http://investments.uchicago.edu/mission.html%5B/url%5D">http://investments.uchicago.edu/mission.html</a></p>
<p>but perhaps I am not interpreting it right?</p>
<p>Thanks. It looks like the endowment is $3.9 billion.</p>
<p>Here is President Randel discussing why Chicago needs more cash. Remember this appears in an alumni magazine and is justifying the continuous requests for cash.</p>
<p>Another interesting reason why Chicago may be less "rich" than some of its peers is that in FY2004, for example, the University wrote off $63 million in uncollectible patient fees. That's for the U side, which keeps separate books from the U. Hospitals, but provides the physician services at U. Hospitals. For reference, they had total patient care revenues (again, on the doc side) of $147 million. That $63 million is a big chunk of an endowment payout of $179 million.</p>
<p>There's a little piece I remember once hearing, about Chicago's endowment. This was popular among U of C students during the 1890's (although I'm certainly not that old, and I'm not a U of C student...yet):</p>
<p>Mister Rockefeller,
Wonderful man is he!
Gives all of his spare change
To the U of C.</p>